Monthly Archives: May 2012

Another Indian trader goes missing in Yiwu

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An Indian trader has gone missing in the Chinese town of Yiwu, after an unidentified man took him away from a local restaurant, in an incident that is set to trigger a fresh commercial and diplomatic dispute, amid already rising strains between India and China regarding the safety of businessmen in the southern trading hub.

Indian officials told The Hindu the trader from Mumbai, who was in Yiwu on a temporary visa, was taken away on the night of May 19. He has remained unreachable since then.

Two Indian traders, who were accused of owing Chinese suppliers 10 million RMB ($1.58 million), were kidnapped in December, and held for more than two weeks, before Indian officials pressured Chinese authorities to arrange for their release. Their case is now being heard at a local-level court in the nearby town of Jinghua.

The kidnapping of another Indian is set to further strain ties, particularly after the Chinese Foreign Ministry on Tuesday hit out at an advisory issued by the Indian Embassy here a day earlier, warning Indian businessmen of the dangers of doing business in Yiwu, a major trading hub in the southern Zhejiang province, after fresh cases were filed against the two traders.

“The Indian Embassy’s advisory isn’t conducive to resolving the relevant issue, and will also affect normal trade and economic exchanges between China and India,” Foreign Ministry spokesperson Hong Lei said at a briefing.

“We hope that India will view China’s handling of the case in a rational way,” he said, adding that China “always safeguards the legitimate interests of foreign businessmen, including Indians”.

Mr. Hong, in a briefing in March, called on Indian traders to honour their compensation commitments. The traders argued at a court hearing last month that they were only employees of the trading firm that owed the dues, with the Yemeni owner missing. One of the traders, Deepak Raheja, told The Hindu on Monday the traders had presented documents supporting their case to the court, and they had been hopeful of a favourable verdict.

A fresh case filed by suppliers in Yiwu at a local court in January, accusing the two Indian traders of owing a further 1.6 million RMB (Rs. 1.39 crore), triggered Monday’s advisory from the Indian Embassy, which warned of “a high possibility of fresh cases being lodged in order to exert additional pressure on Indian businessmen.”

The circumstances surrounding the disappearance of another trader from Mumbai on May 19 are still unclear, although indications are that his trading company had run into a commercial dispute with suppliers in Yiwu.

Dozens of foreign businessmen are reported to have been held captive by Yiwu traders when deals encounter problems. They are usually released after dues are settled and cases usually aren’t made public. Indian traders who are based in Yiwu have played down the cases, describing them as the norm in the entrepreneurial and often lawless business environment in many parts of southern China.

One Indian trader, who spoke to The Hindu, said kidnappings happen “only if you owe large sums of money.” “If you pay your dues, there is no problem, and Yiwu is a place where you can do a lot of business,” the trader from New Delhi said.

He added that several traders had expressed concerns regarding the advisory issued by the Embassy. “You cannot say the whole town is a bad place to do business because one or two people haven’t settled their dues,” he said. “We worry that this will harm the good business that several hundred Indian traders are doing here, with no problems.”

Indian officials said they have received panicked calls from more than half a dozen Indian businessmen in Yiwu, Shaoxing and some other trading hubs in Zhejiang and neighbouring Guangdong in the past year alone, after traders were held hostage because of payment disputes.

“Perhaps, this is a feature of doing business in the Pearl River Delta,” said one official in an interview earlier this year, referring to China’s southern manufacturing and trading heartland.

The incident may trigger a fresh dispute between India and China

Circumstances of the disappearance still unclear

Experts and Professors Shake Hands with Enterprises in Dachen Town_News_China Yiwu

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Recently, the Bureau of Science and Technology organized an activity of “Shaking Hands” for the second time in 2012 between 15 experts and professors from the science research institutes and colleges like Yiwu Virtual Research Institute and Shenyang Institute of Automation Chinese Academy of Sciences Yiwu Center and the preventatives from 15 agricultural and industrial enterprises in Dachen Town.The economic development of Dachen Town started early. However, because of its single industrial economic structure, it needs upgrade and adjustment of industrial structure urgently. The most of the agricultural business are still in the basic form of cooperation between peasant households, and the condition of effective scale operation has not formed.Liu Jintu, the director of the Bureau of Science and Technology said: “at present, there are some projects cooperated by the agricultural and industrial enterprises and the science research institutes and colleges, but the full popularization of science and technology and then the transformation and upgrading of industrial economy still need many enterprises especially the outstanding representatives in each industries to set an example.” All of the institutions and colleges that participated in the virtual research center have strong scientific research strength, and the experts and professors of virtual research center are considered to be the best in each filed. This activity of “Shaking Hands” between professors and enterprises will make positive influence in improving Enterprise-University-Research Institute Cooperation and promoting the promoting the transformation of science &technology achievements.During this activity, the experts made investigations in the enterprises, communicated with the representatives of the enterprises, made analysis and guidance about the technological difficulties that the enterprises were facing, and proposed many constructive advices in the aspects of enterprise brand building and rational allocation of production procedures, which have laid the foundation of deeper Enterprise-University cooperation. Ji Shenlai     Zhang Chenlu

 

Yiwu community building a roadside Jingxian “trap”

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【Reflect

　　Street “trap” really scary

　　Yesterday morning, the reader Mr.Gong call the Hong Kong Daily News Band of Brothers News Hotline 85.454 million reflect: Yiwu Beiyuan street construction village side of the road is suddenly exposed to a several-meter-deep “trap”, the man almost fall into a field.“Trap” in the embroidery Lake Secondary School to the corner of the construction of the village, usually every day, many secondary school students and parents via the junction, if a timely manner to the “trap” stamped in case someone fall into they do not get the timely rescue out what was in big trouble.

　　【Reporter verify】

　　”Trap” mouth belly bulge

　　Yesterday morning, the reporter came to Mr. Gong said that the intersection and found that the “trap” is actually a cellar well, the hole diameter of about 80 cm inside the inner diameter of 2 meters, 2 meters long of a bamboo pole actually probe is not in the end , it is estimated that there are several meters deep.

　　Mr. Gong said yesterday morning, a young man living in three villages of the construction sent to the boss’s son secondary school Xiuhu, back, one foot in the “trap” Fortunately, the quick reaction did not fall into, but a semi-circular The gap appeared.

　　”Do not know which departmental management, nearby residents met with the heart very nervous but I do not know to whom the complaint.” Construction of village households Sheng British standard, “If the night was falling into the call for help no night was very dark.”

　　”It was horrible, the front of the shop there is such a will eat holes in the ground of the people.” Chen Chun and store more than 10 meters from the “trap” road, often passing through the intersection, did not expect so large a Yinjing actually thin thin piece of plywood for the cover, which also paved the thick layer of mud.

Yiwu enjoys sound momentum in seamless underwear production_Global Intimate Wear-Global Intimate Wear

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Yiwu of Zhejiang, one of the biggest production bases of seamless underwear in China, has more than 70 enterprises involved in this kind of business.

Yiwu of Zhejiang, one of the biggest production bases of seamless underwear in China, has more than 70 enterprises involved in this kind of business.

In order to do the surveillance on the export of seamless underwear enterprises in the jurisdiction well, Yiwu Office of Zhejiang Branch, CCIQ has actively proceeded with the daily surveillance. The detail work are to help the enterprises better manage and monitor the running, to do the sampling inspection of raw materials and sewing products, to do safety control of the product quality source and the key links, to provide technology support, to help the enterprises avoid trade risks, accomplishing the good momentum of the export of seamless underwear.

According to the statistics, Yiwu Office of Zhejiang Branch, CCIQ had finished 992 export inspections of Seamless Knitting Apparel from 56 different enterprises, valued USD $ 44,826,000 by Feb 17 th, 2012.

Yiwu holding 10 Christmas goods industry standards

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Hong Kong Daily News (Reporter Fengjun Jiang) “there is no uniform standard, would have been some of our customers ‘to make things difficult’ and the introduction of the standard, be helpful in raising the overall level of Yiwu Christmas supplies.” Huang Ming, Yiwu Christmas Products Industry Association, told reporters industry standards launched to contribute to the consolidation of market share of the Christmas celebration supplies Yiwu in the industry as a whole to grasp the initiative. This Fair, Yiwu held Christmas supplies industry-standard implementation of the conference, once again released a Chinese knot, lantern festivals and festive hanging celebration such as the three industry-standard. Far, Yiwu has released the industry standard of 10 Christmas items.

Christmas celebration supplies is an emerging industry in the before Yiwu release the relevant standards, there are not any product quality standards. In the increasingly competitive market, many manufacturers in order to seize market share, there is inevitably lower prices with each other disorderly competition. Before the introduction of the standard, manufacturers and buyers are usually ‘to talk about the price and then calculate the cost’, there is no guarantee of product quality. “Huang Ming said, after the introduction of the standards, enterprises will be forced to change, no longer the use of substandard products, industry The overall strength can also be improved.

It is reported that the construction of the Yiwu Christmas Goods industry standard can be divided into three stages: the first phase of Yiwu Christmas Products Industry Association, “Simulation Christmas tree and Christmas service December 30, 2009, two trade associations standard national departments and provincial and municipal experts examined and released the first batch of Christmas supplies industry association standards has become an important basis of the Yiwu Christmas goods production and management; the second stage, in October 2010, “Christmas fabric pendant standard “standard” of the bell, Christmas ball standard “,” Christmas flower Standard, Christmas wreaths standard “five standard release of all members is implemented with effect from January 1, 2011; the third stage, Yiwu Christmas Products Industry Association in reality for the members to further expand the business of the “Festivals” in the field, and began the standardization construction for three traditional Chinese festivals supplies Chinese knot series, festive lanterns series, festivals Mask Series, three draft standards have been basically finalized, has been examined and officially released.

It is understood that since the financial crisis, the manufacturing enterprises of Guangdong and other Christmas celebrations demoralized, Yiwu demonstrate the combined effect of the Christmas celebration goods manufacturers contrarian increased more than 200, while accompanied by the recognition increases, Russia, India, Brazil and other procurement to Yiwu The buyers are also being increased.

Industry insiders say, with more than 600 production and management of the Christmas celebration supplies business in Yiwu has become the world’s largest production base of the Christmas celebration supplies, exports to more than 100 countries and regions around the world, with annual sales of more than a few billion dollars, involving Christmas tens of thousands of varieties of toys, Christmas trees, Christmas clothing, Christmas lights.

Another reporter learned from the association, industry associations and related enterprises of Yiwu Christmas supplies as a Christmas celebration supplies branch of Chinese etiquette Leisure Products Industry Association for the establishment of the main members, are actively promoting the establishment of the national Christmas celebration Industry Association.

via.