Author Archives: yiwuforum

yiwu: Indian mission in China stops help, traders on streets –

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BEIJING: Two Indian traders, abducted and tortured after their trading firm’s owner fled without paying his dues to businessmen in south China’s Yiwu city last year, have been forced to live on Shanghai streets since Tuesday after the Indian embassy stopped paying their hotel bills.

The two – Deepak Raheja and Shyamsunder Agarwal – had been staying in a hotel after the embassy rescued them from captivity and bought them back from Yiwu. “We are on the streets. We have no money for the hotel as the embassy has stopped supporting us,” Agarwal said. “Please help us go home to India.”

February Yiwu market has not been fully restored

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February Spring Festival of Utah, popular yet been fully restored, the market activity is not active, the Commodity turnover to achieve 3.035 billion yuan in February fell by 147 million yuan, compared with January, qoq to 4.62%. pointed out by “issued by the Trade and Industry Bureau of Yiwu City, the latest issue of Yiwu Market Credit Index report” (hereinafter referred to as the “Report”) that by the transaction amount fell affect, February Yiwu market transactions active index ring than the decline in the 9.25%, and drag on the month market credit index remained level in January, to close at 138.48 points.

　　February the four sub-index of the classification market credit index in Yiwu “three liters down”. In addition to active trading index decreased 9.25 percent to 113.98 points, the remaining three sub-index has increased to different degrees. Mass index of goods ring up 0.67 percent to 151.13 points; merchants satisfaction index 148.22 points, increased by 1.28%; 10.87% gain, the risk control index closed at 145.80 points.

　　Yiwu Market Credit Index colored lights warning subsystem monitoring, in February, the Yiwu Market Credit Index and the four sub-index value of more than 110 points in a safe “green light” area.Monitoring of the index fluctuations warning subsystem, the magnitude of active trading index changes of less than -5%, belong to the deterioration of situation of “W” (Worse); risk control index changes by more than 5 percent, belong to the “B “(Better) changed for the better condition; changes in amplitude of the composite index, the index of the quality of the goods and merchants satisfaction index in the range of -5% to +5%”, belonging to the “N” (Normal) normal conditions.

Yiwu Agriculture products market: usher in a “designated” the first tour – Yiwu News

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To travel, to buy back the goods, here really is the best choice for visiting such a point of time today, really is not fun, I hope that the next opportunity, and again a trip. “March 25, at the end of Nongmao Cheng shopping tour of the tourist spots, the city China travel agency brought in Jiangxi by tourists Ms. Wang said with something more to say.

　　It is reported that recently the Municipal Tourism Bureau, Finance Bureau jointly below Yiwu Farm Mingteyouxin Exhibition Center, officially classified as a tourist shopping, this is the city after the International Trade City travel shopping.

　　On the morning of March 25, Nongmao Cheng Exhibition Center ushered in the formal set up after the first tourist groups. This is a team of 32 lesbians from Ji’an City, Jiangxi Province, a business unit. 32 visitors walk through the various pavilions between the face of a different style pavilion, they have said, reading a lot of the market, never seen such a unique combination of agricultural and sideline products and the cultural complement each other, is the “Tour “and” purchase “the perfect combination.

　　I heard so special drivers to want a little walnut back and inquire about which Hall bought.Surnamed Wang, tourists, I really do not believe there is such a good quality agricultural products around the country the Almighty to buy, after the travel is not as good as here a little back goods. And the product is fine, quality is also assured.

　　The urging of the tour guide, visitors are only reluctantly to leave the exhibition center, the hands of large bags, has no one empty-handed.

　　Before leaving, a Yangxing tourists, Yiwu Exhibition Center, go back and introduce it to more friends and family.

Yiwu Last Round for Hardware Exhibition

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The Ninth China International Hardware Fair (hereinafter referred to as the “Hardware”) will be held in Yiwu International Expo Centre from 21-23 April. Sprint stage in less than a month, the hardware will be staff of the organizing committee is still hard to publicize and promote, with the help of industry associations and the appeal of well-known show, do a good job the last breeze Merchants.

　　After years of development, hardware has become a domestic hardware and electrical industry, high-profile international professional exhibition, the exhibition scale, outward, turnover and other indicators are among the best in professional exhibition in the country with hardware appliances category was named “Top 10 national trade exhibition” National trade show, the GTA “.

　　It is learned that this hardware will set the international standard booths 1200, covering electronic and electrical appliances, hardware tools, machinery and mechanical and electrical, building hardware, daily hardware five industries. Up to now, the hardware will have completed more than 90% of the booth arrangement, exhibiting companies from Zhejiang, Guangdong, Shandong, Hebei, Jiangsu and other places.

　　Relevant person in charge of the organizing committee introduced this year in the breeze process, the organizing committee and the local professional association in close cooperation, respectively, with the padlock Industry Association of Zhejiang Province, Jinhua City tool industry associations, the Association of Machinery Industry in Yiwu City, Guangdong Province tide On CAITANG the power of the Association of stainless steel products, the organize the enterprises to large-scale exhibition.Guangdong Province, Chao Cai Tong Stainless Steel Products Association last year’s visit to the show, exhibitors are very interested in this year, they have to apply to the organizing committee for about 40 booth. “The official told reporters last year, Yiwu machinery industry Association organized the exhibitors achieved good results this year will also organize corporate debut hardware, the booth application is expected to reach more than 60.

　　Not long ago, the Organizing Committee staff also traveled to Shanghai 21st China International Hardware Fair, targeted at the show site visits to businesses, the hardware will breeze investment promotion. “Shanghai Hardware Expo show large-scale, highly professional force of impact in the industry, we hope with the help of its popularity to promote themselves.” The official said of the Organizing Committee, Shanghai Hardware Expo site, many companies are on the hardware will be full of interest, there are dozens of companies on the spot to apply for a booth.

yiwu: Indian traders told they must ‘honour’ compensation

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Chinese officials on Thursday said the two Indian traders rendered homeless in Shanghai while awaiting a judgment cannot leave the country unless their case was resolved and they “honoured their compensations”.

Deepak Raheja and Shyamsunder Agarwal have been accused by Chinese traders of owing more than 10 million RMB ($1.58 million) after the Yemeni owner of their trading firm in the southern hub of Yiwu fled abroad leaving dues unpaid. The two traders were held hostage in Yiwu for two weeks in December. They were allowed by a local court to leave for Shanghai after surrendering their passports while prosecutors investigated the case.

The two were forced to spend the last two nights on the streets of Shanghai after being thrown out of their hotel because they could not pay their bills. The Indian Consulate in the city had been covering their expenses but said it did not have the approval to go beyond the 45,000 RMB ($7,142) it had already spent on the two men.

While the traders have told the Indian media they will go on a hunger strike until they are allowed to leave China, such a prospect remains unlikely until the legal procedures run their course.

Chinese officials also stress that the traders still have to answer the charges of suppliers who lost millions on account of the trading firm where they worked. “As far as we know, the local court has tried to mediate the case and handle it according to law,” said Foreign Ministry spokesperson Hong Lei.

“Since the two Indian businessmen up to now have not honoured their compensation commitment, the relevant court has ordered them not to leave. This order is still in effect. We hope the businessmen will respond to the demand of the relevant Chinese businessmen so that the issue can be properly handled.”

Mr. Raheja and Mr. Agarwal have said they were only employees in the firm and it was the Yemeni owner who was responsible for the payments. However, Chinese traders have produced in court documents and receipts with the signatures of the Indian traders acknowledging the dues. The Indian traders said the documents were signed under duress.

Hearings began in an Intermediate court in Jinhua, near Shanghai, on March 1.

According to one legal expert familiar with the workings of the Chinese system, even the best outcome for the traders would possibly be deportation without jail time but would likely also entail a heavy fine, one which Mr. Raheja says he will be unable to pay. “Even if the owner is Yemeni, if he cannot be found it is very hard to imagine the authorities letting foreign nationals leave scot free when there are angry Chinese traders still owed money by the same firm,” said the expert.

With the trading firm’s Yemeni owner still untraceable, Mr. Raheja told The Hindu he was in a “dire” financial situation, having already paid 900,000 RMB ($143,000) out of his own personal savings while he was being held captive. He has also demanded compensation for his money and for the trauma he faced while being illegally detained by Chinese suppliers.

Indian officials have asked Chinese authorities to speed up investigations and announce a verdict. With three weeks having passed after the hearing, an official said the “situation cannot go on forever”.