Author Archives: yiwuforum

Yiwu an employee stole 1.5 Million RMB

Posted on by
Reply

Tip: Yiwu is full jungles and traps, even to locals. It’s much more dangers to foreigners. That’s why you need the best agent in Yiwu to protect your interest.

March 14, in the International Trade City four districts booth was steal 150 million, the Yiwu police clear up the case in one day, four days recaptured suspects. ”
Yi Ting Industrial Function Area Ribbon Factory, Miss Zhu, has booth in the fouth district International Trade City. Miss Zhu hired two female salesperson and a 30 year old Zhang Leilei to deliver goods.
Around at 10:00 on March 15, Miss. Zhu has to export a loan, so she took out a bank card which has 1.8 million funds in it from the drawer of the office to the bank to complete the formalities.
“Sorry, only 300,000 yuan on your card, the amount is not enough to export!” Bank staff politely said to her.
“Ah? Not possible, there are 1.8 million yuan deposit, how will be less 150 million? “said Miss Zhu. She let the bank staff, and indeed found that the card only 30 million.
“every transaction will have SMS reminders, how the150 million missed? “Usually she let the female salesperson take care of the phone, she immediately back to the booth to ask them, two female salesperson view the phone, which does not have SMS reminders.
Miss Zhu immediately report to the police station.

Investigation: Police locked the inner perpetrator

After accepted Miss Chu’s case, the Municipal Public Security Bureau and Mall police station immediately launched a thorough investigation.

After the Investigation, the police found that Miss Chu card 150 million was transferred to the account of Yan Peng in the evening of March 14. This huge sum of money was transfered to the account of the Zhang Leilei’s three accounts and a Xinjiang man’s account four times, including Zhang Leilei’s 1 million was time deposits, as well as a sum of 310,000 yuan and 90,000 yuan. Xinjiang account also transfered 10 million.
Quickly find Zhang Leilei, the truth will be quite clear. However, two female salespeople said Zhang Leilei had left after them had dinner in the evening of the 18th.
After a series of investigation, the police confirmed that Miss Zhu’s money is steal by Zhang Leilei.
Police investigators immediately looking for Zhang Leilei, after careful investigation, police found Zhang Leilei have fled to Shanghai. March 16, the city’s eight plainclothes police arrived.

Ignorance: Take the risk to let his wife living a good life

3:00 pm on March 18, when Zhang Leilei and a Shanghai girl have lunch in Minhang , the city police in plain clothes with the help of Minhang police captured him.
Zhang Leilei was brought to the local police station, he admitted that he stole 1.5 million from the Miss Zhu card. He said he knows Miss Zhu shared one code on many bank card, he remembered the code.
The evening of March 14, Zhang Leilei and two female salespeople went to underground garage, he lied that his cell phone forgotten in the booth. He took the key from the hands of the female salesperson to return to the booth store, ask them wait. Zhang Leilei went into the room, steal Miss Zhu 180 million bank cards, and transferred the 1.5 million easily into his friend card which is in his pocket by the POS machine on the desk, he then transferred 100,000 yuan into Xinjiang friend’s account. After a few minutes, he calmly returned to the underground. That night, after dinner with two female salespeople, Zhang Leilei then lied his father became ill, the next day did not go to work.
15, Zhang Leilei rent a car, rushed to Shanghai to meet with girl friend. In addition to he buy an I pad for himself, he buy his girlfriend a iphone4s. He can not think he was captured when he was in lunch.
Zhang Leilei also confessed, Miss Zhu’s phone was in the drawer, he delete the message after he transferred the money.
At present, the police had recovered 1.4 million yuan money and goods. The left 10 million lent to friends in Xinjiang the Police will also help Miss Zhu recover.

 

Containers from Yiwu affected by BARELI Accidents

Posted on by
Reply

Yiwu goods can not be calculated at present

March 20 morning, Ms Tong who engaged in import and export trade business received the call from the customs agency, her company container was on the BARELI Singaporean container ship which ran aground two days ago “.

21:15 on 15th, Singaporean container ship BARELI on the way shipped from Ningbo to Fuzhou Jiangyin Port, ran aground in the waters near the Jiangyin Port, successfully rescued 21 foreign crew members of the board; freighter loaded container 1913 TEUs , of which 101 containers involving dangerous goods, mainly caustic soda and herbicides.

“My container was shipped from Ningbo, the agent just told me my container was in accident, and let us wait.” Ms. Tong said anxiously, she had never encountered this kind of thing, the most anxiety is the information barrier, do not know what state of the container.

The Yiwu Ms. Yang, a container is also aboard the ship. “On the 20th morning, until my husband saw the news, we know ‘BARELI’ accident, I was immediately called for the verification, my container shipped from Shanghai Port on that ship.” Ms. Yang said she was very curious about the bill of lading has not signed out, I did not think of the cargo ship accident.

Avoid Yiwu India tells traders; behave honestly says China

Posted on by
Reply

New Delhi: India on Wednesday managed to secure the release of two Indian traders trapped in China. But the trade turned diplomatic row rattled the foreign offices of both countries.

External affairs minister SM Krishna said the incident shouldn’t be blown out of proportion, even so the ministry told Indian traders to stay away from the town of Yiwu.

Krishna at a Press Conference in New Delhi said, “I am very happy with the outcome. Traders have been released and they are on their way to Shanghai under consular officers security. We have friendly relation with China. Let’s not blow this incident out of proportion. Both the traders will take care of themselves in the civil-suit case in China.”

Chinese Ambassador to India Zhang Yan said, “We are coordinating. We are working hard to solve the issue. Everything will be settled through Chinese law.”

Indian traders had been illegally detained and reportedly tortured by Chinese suppliers for non-payment of dues.

Trader Deepak Raheja speaking over the phone with CNN-IBN said, “We are poor people. We will fight the case but in a safe place. We haven’t had food, water for days now. If I am not taken to Shanghai within 24 hours, I will commit suicide.”

A strongly worded Indian advisory warned Indian traders to stay away from Yiwu – saying there was no guarantee of legal remedies there.

In response, the Shanghai authorities launched criminal proceedings against the Chinese suppliers and promised police protection to the Indian traders.

The fact is there’s a dark underside to Yiwu. The US government says it is one of four markets in China dealing in pirated and counterfeit goods.

Two Chinese music websites based here violate international copyrights and Indian diplomats hint at a criminal nexus involving traders, the courts and the police.

The Chinese authorities say the Indians are at fault.

Chinese Foreign Ministry spokesman Hong Lei said, “China hopes India can treat this case with objectivity and fairness, and actively educate Indian merchants in China to behave according to the Chinese law, behave honestly and operate legitimately.”

The Indians may have erred in not paying their dues but that does not justify their detention or maltreatment. India and China have begun 2012 on an unhappy note.

 

Yiwu International Trade City | Yiwu Commodity Market

Posted on by
Reply

International Trade City

Yiwu International Trade city  is developed after a long effort of 30 years.

In all these years thousands of stalls have come into existence which is stuffed with millions of  products. With more than four market complexes within its premises, Yiwu commodity market  has come of age and is now acknowledged as the biggest wholesale market in the world. It becomes center of approx 1,50,000 visitors every day. It is called as Futian Market.

Yiwu International Trade City – District 1

This is the biggest of all the other districts. The seven year old market has world-class infrastructure covering a vast area and thousands of shops. In fact, these all stalls are into exporting their products. The best thing is that most of the people can communicate a little in English.

This part of the market houses shipping agents, various eateries and banks etc. Therefore, sourcing from here is quite easy. First floor deals with toys and artificial flowers; second floor is for jewelry and lots more is there to explore. However, fourth floor is only for factory outlets and the variety is also limited here.

Yiwu International Trade City – District 2

It’s a 5-storey- building and has an area of more than 600,000 m2. There are over 10,000 shops on just three floors. Floor one deals into rainwear, bags & brief cases, umbrellas, are located. Locks and auto products, hardware and hardware accessories, electrical accessories can be found on floor two. A lot is there on the third floor for the ones yearning to buy miscellaneous stuff for their homes.

And the fourth floor here too houses factory outlets. Hong Kong Mall, South Korean Mall and Sichuan Mall are also located on this floor. In District 2 there are shipping agents, banks, restaurants, telecom companies and a four-star hotel.

Yiwu International Trade City – District 3

District 3 is a five-storey building spread across 460,000 m2 with over 7000 shop fronts. Different floors deal into different products. First floor and second floor are for pens, glasses, sports products, office articles and paper products. Third floor and 4th floor are for cosmetics and the products used in fashion industry. Facilities like accommodation, catering and entertainment, logistics, banking, are also there in this district.

Yiwu International Trade City – District 4

This is the youngest and well-developed district of all. Its total area covers 1,008,000 m2 and has over 19,000 shops. This district is greener and environmental-friendly. First floor is for socks and the second r is for textile, gloves, and hats. Third floor is for shoes, ribbons, laces, ties, threads, and towels. Fourth floor deals into bras, under wears, belts, and shawls. It is replete with various amenities for entertainment and even energy saving systems.

Given the huge markets in Yiwu City, make sure you sport comfortable outfits to avoid any fatigue.

 

Yiwu,No.1 of China’s Top 10 Market Cities

Posted on by
Reply

According to the third China commodity Market Summit, Yiwu is No.1 of China’s Top 10 Market Cities, and meanwhile both the China Commodity City(CCC) of Yiwu and Yiwu Decoration City rank first respectively among China’s Top 10 advanced Markets and China’s Top 10 New-star Markets.

For more intensive studies of the commodity market, scientific researchers of the Institute of Finance & Trade Economics (IFTE), Chinese Academy of Social Sciences (CASS), worked together for over 2 years with experts and scholars from research institution, universities, guilds, business administration departments for the Bluebook of Commmodity Market Development in China through on-the-spot investigation, interview, discussion,questionnaire, secondhand data collection, etc. They studied more than 300 markets in different areas, types, industries and development stages, and produced 7 different lists of award winners for the year 2007 related to China commodity markets:China’s Top10 Market Cities, China’s Top 10 Advanced Markets, China’s Top 10 Brand Markets,China’s Top 10 Innovation Markets,China’s Top 10 New-star Markets,China’s Top 10  Markets Worthies and China’s Top 10 Zhejiang Businessmen Outstanding in Foreign Investment Market.
It is learned that the top 10 market cities are Yiwu City,Yongkang City, Shaoxing City,Haining City,Tongxiang City, Foshan City,Shouguang City, Linyi City, Changzhou City and Wujiang City.
The volume of business of Yiwu commodities has been No.1 among national markets for 15 years and this year CCC is No.1 of the Top 10 Advanced Markets. Having developed for 10 years, relying on Yiwu international trade city, Yiwu Decoration City is becoming a shining star among decoration markets in Yiwu and even in China. Decoration commodities reach more than 10 provinces and cities like Shandong, Jiangsu,Anhui, Jiangxi,Sichuan,Guizhou, Shanghai and Beijing. The yearly volume of business reached 60 million yuan from 2001 to 2005 and the volume of business exceeded 100 million yuan in 2006. For all this, YiwuDecoration City is ranked No.1 of China’s Top 10 New-star Markets.
The list shows that Yiwu is becoming the leader of over 300 markets in China as well as the bank of market management talents. The list also shows that over half of the top ten market cities are those in Zhejiang Province. It is said that 16 markets in Zhejiang were awarded various grand prizes for China’s best commodities markets in 2007.