Yiwu trade picks up in downturn

Tocombat the global financial crisis, Yiwu put forward a series of measures like "Year of Market Development" and " Year of Serving Enterprises" at the beginning of this year. With the implementation of these measures, the market gradually regains its vitality and keeps its stable development momentum. In the first half of the year, Yiwu trade market
realized a turnover of 22.271 billion yuan, up 12.85% over the same period of last year, which is the highest in the history.

Yiwu takes initiatives to expand domestic and foreign markets Yiwu municipal government organized the market dealers to "go out" to develop the market at home and abroad and kicked off the activity of " Long March for Market" .Sofar, this activity has been carried out in the forms like Jiangsu Nantong Trade Fair, Harbin Shangzhi Summer Trade Fair,
Guangxi Wuzhou Trade Docking Conference, and Yiwu Fair Dubai Exhibition. It is learned that the Dubai Exhibition had about 300 people from 143 Yiwu enterprises and the business volume reached 236 million yuan. The other three fairs (conference)also achieved remarkable results.

Export goes up steadily According to the situations of enterprises and markets, Yiwu municipal government issued "the supporting policies for open economy in 2009 " , including
"Impose 3, Refund 3" in taxing export commodities . These policies worked and the situation of export and import became better and better in the first half of the year .

From January to June, Yiwu Customs supervised 241 , 000 standard containers of commodities for export , of which 49 , 000 containers were supervised in June, up 6 . 5% over the same period of the previous year and a growth of 14% over the previous month. As for the self-run export and import business, the first 5 months saw a total value of 783 million yuan, up 4 .03% year-on-year, and the export value alone was 723 million yuan, a growth of 5 . 91% from the same period of last year . The export situation is better than the whole province, even the whole country .

Figures indicate foreign businessmen coming to Yiwu had an obvious increase in the first half of theyear.Theforeigntraders (including those from Hong Kong, Macao and Taiwan) that entered Yiwu had reached 144, 305 person times as of June 20, up 23 . 42% from the corres ponding period of last year . Offices of foreign organizations in Yiwu are
still on the increase . 310 new representative offices were set up in the first two quarters, arise of 20 . 62% compared with the same period of last year . Exhibitions promote Yiwu Market remarkably Despite the strike from economic crisis, the exhibition industry still played an important role in promoting Yiwu economy . Because of its innovative development and the emphasis on its unique features, 2009 Yiwu Cultural Fair saw active trade discussions and achieved a turnover of 1 . 849 billion yuan, re maining close to that of last year . And this fair also became one of the key channels for local enterprises to fight the crisis.

Yiwu economy will hold on to the policy of "developing exhibitions with trade, promoting trade with exhibitions" , in order to fully exert the supporting effects of exhibition industry on Yiwu economy. Financial services help enterprises go through difficulties This year, urged by the supportive policies of the government, Yiwu banks and financial
institutions adjusted the credit strategies timely and sped up the supply of credit to small and medium-sized enterprises, market dealers and villages, so as to ensure the money supply for combating the financial crisis .

In the first half of the year, Yiwu municipal government held the 2009 Spring Government Bank-Enterprise Cooperation Meeting (Bank Products Introduction Meeting). In the meeting, the financial institutions signed contracts or letters of intent with 252 enterprises upon 270 projects, with a total credit of 14, 383 billion yuan and a newly added credit of 7, 922 billion yuan.
Atthesametime, the government also improved service and financial environment and helped banks reduce risks . Therefore, the government, banks and enterprises worked hand in hand to go through the difficulties .