Source: Yiwu sourcing agent Author: Date: 2009-11-21
Municipal Industry and Commerce Bureau November 19 release in October Yiwu Market Credit Index reported that in October Yiwu market turnover increased significantly year on year, but the export volume has to fall together with the accumulated foreign-funded enterprises registered capital and new business rate decline in such factors, market credit index fell slightly.
It is reported that in October Yiwu market turnover reached 5.174 billion yuan, an increase of 31.5%. This shows that the Yiwu market, sales of commodities in the domestic market is a big margin. But subject to the impact of the National Day holiday, in October of the customs export standard containers have fallen dramatically. Yiwu Market Credit of the month composite index 114.78, a decline of 1.01%.
Yiwu Market Credit Index fell slightly, mainly due to its growth, fair competition, financial credit and other three categories fell effects. According to monitoring and statistics, performance growth index in September dropped to 139.18 points in October to 117.41 points, a decline of 15.64%; fair competition index and the financial and credit indices were also dropped in October to 105.07 points and 91.95 points, or 18.15, respectively % and 1.83%.
However, the decline in credit composite index did not affect the overall credit environment, Yiwu market. 8 large index of intellectual property, credit environment, product quality, consumer rights protection, the main qualities of five indices, has a different rate to rise. 10 major industries index rise rather than fall, there are seven industries index increased in September compared with which merchandise categories index increased the most, up 22%. According to "colored lights warning subsystem," Monitoring, October Yiwu Market Credit composite index is still in the "green light" area, indicating that Yiwu market, credit conditions remain generally maintain a safe condition.
Index for the October market credit conditions, the experts advise the relevant departments should continue to crack down on undocumented illegal without a license, and so on, to create a good environment for fair competition; effectively widen financing channels for enterprises, the correct use of private capital, issuing bonds, IPO and other means of direct financing, indirect financing of commercial banks to reduce pressures; by the world's major economies start to recover and market demand, pick up the machine, speed up the expansion of domestic and foreign markets, both internally and externally to promote the Yiwu market, the continued prosperity and stability.
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