Source: Yiwu sourcing agent Author: Gary Date: 2008-03-31
Yiwu organizations for industry and commerce classify the credit of business operators in six grades, AAA,AA,A,B,C and D, with AAA for excellent, AA for fairly good, A for stable credit, B for fluctuated credit, C for low credit and D for no credit. This ranking provides important basis for every day supervision of the market and operators.
The credit classification supervision of the commodity market promoted by Yiwu industry and commerce administration authorities is a differentiated supervision, characterized not only by the differentiated frequency of supervision of market entities according to their different rankings, but also by the differentiated scale of supervision according to different product range and business operation. On one hand, on credit ranking basis, operators with D credit are eliminated directly from the market and the rest are under classified supervision.
On the other hand, on the basis of quality significance, risk and liability to discredit, those products that might damage disputes in terms of infringement of intellectual property, should be a prior consideration for inspection. Up to now, all business operators in China Commodity City have been introduced into this credit assessment system. Anyone who wants to check the credit ranking of the operators has access to the system through any of the 200 Electronic Touch Screens installed in the Market.
Meanwhile,Yiwu organizations for industry and commerce have set up first national market trademark brand data, strictly executing the rule of brand commodities access.
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