Apportunities in Yiwu market during Financial Crisis

Relative Advantages in Adverse Situation

In 2009, yiwu market begin to show its relative advantage in adverse situation. First, Yiwu small commodity market includes 16 classes, 4202 catagories and 332117 subcatagories, totaled 1,700,000 products. This kind of widespread sales network provides more balancing points and supporting points to Yiwu to weather the severe international storms and waves. Second, as most of the products in Yiwu wholesale market maily are daily necessities, the adavantage featured cheap price and good quality would be more explicit.

Last year, Yiwu small commoditiy were exported at 521,000 standard containers, the private export turnover amounted at 1,910,000,000 yuan at a steady growth rate. Within a year, the number of foreigners' visa and stay permits signed raised 33% and 72% respectively. And this year, a steady growth number of foreign representative offices in Yiwu also proved foreigners' high demand for china small commodity. Therefore, a lot of foreign businessmen decided to set representative offices in Yiwu.

Opportunities in tossing Storm

Last year, Yiwu set Entry and Export Management Bureau and could sign the job administration permits for overseas residental procurement groups directly which brought much convenience the immigration of foreign comercialists, moreover, the growing groups played helpful role in raising Yiwu small commodity' export growth rate. According to an official data, in January this year, Jinhua custom recieved 18,902 export declaration in terms of Yiwu small commodity , supervised export standard containers and the overall imp&exp turnover of Yiwu private enterprises increased by 13.4% comparing to the period last year, in February, the export still kept the strong increasing vigor.

The General Manager of Aubiter Trading Company representative office in Yiwu, Zhoude said:" Though Yiwu is challenged by the present sliding economy, i'm still confident to its future prospect. in sourcing purchasement and overseas distributing network, and we are sure to weather the difficulties and expect a further development."We hope government can strenthen the regulation and supervision, and stop cheaters from damaging the reputation and legal interest of us legitimate traders."