Tag Archives: yiwu market

Yiwu Issued 25,700 Foreigner Visas and Residence Permits in 2011 – Yiwu News – Yiwu City in Pulse

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Yiwu Issued 25,700 Foreigner Visas and Residence Permits in 2011

FAs living in Yiwu has become increasingly convenient, the county-level city has become a second home to many expats in China. In 2005, the Ministry of Public Security authorized Yiwu to directly handle its foreigner visas and residence permits. This was the first time that China allowed a county-level city to handle the acceptance, approval, production and issuing foreigner visas and residence permits.

In 2011, Yiwu issued a total of 25,700 foreigner visas and residence permits – for the first time exceeding the total sum of those issued in Ningbo and Hangzhou. In January 2012, the Yiwu International Trade Service Centre entered its “soft opening”. The centre includes 98 officials from the Yiwu Public Security Bureau, the Labour and Social Insurance Bureau , the Commerce Bureau, the Foreign and Overseas Chinese Affairs Office, the Industry and Commerce Bureau, the National Security Bureau, and the Civil Aviation Bureau that are here to service foreigners. Yiwu’s Exit-Entry Administration office has also moved to inside the centre. The centre can help you handle foreign business investments, visa applications, matters regarding national security construction project approval, foreign employment permits, as well as provide translation and legal services.Yiwu Issued 25,700 Foreigner Visas and Residence Permits in 2011

via Yiwu Issued 25,700 Foreigner Visas and Residence Permits in 2011 – Yiwu News – Yiwu City in Pulse | eChinacities.com.

New Shantou-Yiwu-Urumqi Flight Route Opening soon – Yiwu News – Yiwu City in Pulse

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New Shantou-Yiwu-Urumqi Flight Route Opening soon

 

A new Shantou-Yiwu-Urumqi flight route is scheduled to open on April 6th. The flight route will operate every Monday, Wednesday and Friday, departing from Shantou at 08:00, arriving in Yiwu at 09:20, departing from Yiwu at 10:00 and arriving in Urumqi at 15:20. The return flight will depart from Urumqi at 16:10, arrive in Yiwu at 20:30, depart from Yiwu at 21:20 and arrive in Shantou at 22:40.

See also:Yiwu Issued 25,700 Foreigner Visas and Residence Permits in 2011

Avoid Yiwu India tells traders; behave honestly says China

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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,No.1 of China’s Top 10 Market Cities

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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.

Yiwu import and export steady growth in clothing and accessories

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From Yiwu Customs data show that from January to February this year, Yiwu foreign trade import and export value of $ 520 million, an increase of 8.7%, an average increase of 5 percentage points higher than the import and export of Zhejiang Province. Which exports $ 470 million, an increase of 7.3%, imports of $ 053 million, an increase of 22.1%. In February, the import and export of Yiwu $ 130 million, down 7.9 percent; imports of $ 028 million, an increase of 53.3%. Among them, the clothing and accessories exports still dominates exports totaling $ 210 million, accounting for 45% of the total export of Yiwu.

Affected by the debt crisis in Europe, Yiwu, the largest export market for EU exports decline, the first two months of this year fell by 2.4%. Over the same period, the U.S. market to maintain sustained growth, total exports of $ 78,660,000, an increase of 17.2%. From the structure of export products, apparel and clothing accessories, electronic products, textile yarn, fabrics and products, still occupy the top three export of Yiwu. In addition, the rapid momentum of growth in machinery and electronic products, total exports of $ 58,160,000, an increase of 34.4%.

Yiwu Customs staff believes that this year, Yiwu export situation is not optimistic. Not conducive to all kinds of foreign trade of the factors that continue to exist, such as the situation remains volatile in the Middle East, the main consumer countries do not have to show strong signs of recovery in the international market is tepid. It is worth mentioning, Europe and the United States trade protectionism is clearly on the rise, and frequent anti-dumping investigations against Chinese products, and to impose punitive tariffs, trade barriers continue to upgrade. China has become the biggest victims of the United States and Europe to the abuse of trade protection measures.

In this regard, the industry recommendations: to continue to maintain the price advantage of Yiwu, product innovation and value innovation can quickly enhance the profit margins of the small commodities. In addition, to take full advantage of state tax policy, might as well go out for international investment.

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