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Splendid performance of Yiwu in financial crisis

Source: Yiwu sourcing agent    Author:       Date: 2010-01-05

Although it is still two months away from the lunar New Year, the festival ornaments and gifts have shown their great popularity in the market . The purchase peak of Christmas commodities has just gone, and the national buyers are coming for the New Yea' s goods .
The commodities market, 3 kilometers long with over 4million square meters of operation area, gathers more than 1 .7 million kinds of goods . The 4 operation areas and the fifth area being built form a lifelike S-shaped dragon hidden in Yiwu.
Wu Bocheng, general manager of Yiwu CCC group Co., Ltd, said that 90% of the dealers have new products . They are busy with developing their market instead of waiting for the orders . Thus the share of national purchase has risen from 35% to 42%.
“This is my fifth time to come here although I just came two weeks ago, ” said Chang Xiaolei, general manager of Australia Huiji International Trade Company. In his eyes, Yiwu is not just an ideal platform for buying; it also provides a golden key to shaking off the financial crisis .
Due to the financial crisis, the retailing structure in western countries has experienced some changes:sales fall, price decreases, and margin reduces . He  said that they had to buy many kinds of products and more commodities with the same amount of money. So it is natural for them to go to buy goods from the manufacturers for many times .
Yiwu, the front field of China' s commodities trade, has suffered greatly from the economic crisis .
But the increase of 11 .6% for the first 3 quarters indicates the strong life of Yiwu market .
“It' s hard to find a place with so much vigor as China, ” said Muha, a Mauritanian businessman. In Yiwu, there are about 13, 000 resident foreign businessmen, and over 2500 representative offices of foreign enterprises . In the 15th Yiwu Fair, the growth of turnover reached 11 .4%, and the booths rented by foreigners increased by 5 times .



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