Source: Yiwu sourcing agent Author: Date: 2009-05-14
According to the latest analysis on market credit index issued by Yiwu Municipal Administration for Industry and Commerce,Yiwu economic growth recovered apparently in March. According to the report,the overall market credit in Yiwu rose a bit in March; the composite market credit index rose from 112 . 36 in February to 115 . 63 in March , a rise of 2 . 91% on a monthly basis and of 15 . 63% from the base period . The four sub-indexes concerning the business growth ,financial credit,intellectual property and credit environment also rose in March . Especially the Business Growth Index rose from 79 . 54 to 114 . 14, increasing 43 . 50% on a monthly basis and 14 .14% from the base period .
The main reason for the great rise of Business Growth Index in March is the recovery of Yiwu economy . According to statistics, the turnover of commodities in Yiwu market in
March was 2 . 781 billion yuan ,a rise of 14 . 41% compared with February . The Customs dealt with 31,672 containers (TEU), a rise of 254.31% compared with Feb ruary.
The overall volume of self-run export and import in March reached USD 152 million, up 171 .4% from February . The business growth in March reached the highest level since last
August, which shows the rise of demands for Yiwu commodities .
It is learned that because of the great increase of credit in March,the loan balance at the end of March in Yiwu increased 7 . 424 billion yuan compared with the end of February . The Financial Credit Index made an upturn in March, up 13 . 57% compared with February . The number of patents authorized increased from 41 inFebruary to 128 in March,a rise of 212 . 20% . And the number of local registered trademarks increased 413 compared with February . As a result, the Intellectual Property Index increased 10 .93%.
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