The Global Financial Crisis The World’s Largest Small Commodities Market
Zhou Xiaoguang, chairman of Shin Kong Jewelry Co., Ltd. Zhejiang back in April this year, felt the downturn in overseas markets.
“I visited in April this year in the U.S. jewelry retailers a customer and was told the store this year, only 40 more than the average daily traffic, average daily sales of only 4000-5000 dollars, and last year in August before the store daily average of more than 200 guests to patronize, Japanese sales of more than twenty thousand dollars. “Zhou Xiaoguang said.
She believes that retail market the most direct reactions. Later, in her own store, Yiwu Small Commodity Wholesale Market also felt the effects of eight times each year a number of previous customer purchases this year to only four times.
Zhou Xiaoguang within the company’s products for export accounting for 50% in domestic sales, the Yiwu and Guangzhou, a market affected to some extent, but sales growth in other areas, so this year on domestic sales remained stable.
In the export, since 2005, she began to own jewelry business from U.S. and European markets spread to the United Arab Emirates, Russia, Latin America and other emerging markets, so to some extent to resolve the current global market downturn caused by its overseas markets impact.
Zhou Xiaoguang by the global market downturn and that rising costs and other factors, this year the company’s profit margins will drop some, but as the market structure is reasonable, strong innovation ability, the company still has considerable profits, while some of the same industry, the lack of independent innovation capacity, smaller enterprises in the financial turmoil would suffer a loss.
Zhou Xiaoguang the company has R & D team of more than 300 people a day, developed over 100 kinds of new products.
This innovative spirit in the world’s largest commodity market?? Yiwu small commodities market can be seen. From January to September this year, Yiwu’s patent application and authorization to nearly 1,400, respectively, and 900. Yiwu Toy Industry Association, independent research and development of speech recognition doll, with an innovative special smart chip, can be man-machine dialogue, the retail price of 100 yuan to rise from 400 yuan, the export unit sales. According to incomplete statistics, Yiwu Commodity market, nearly 85% of new commercial spaces are listed.
CCC Group, general manager of market development services division, said HU Zhi-long, Yiwu Small Commodity market has diversified its exports, the South American market this year, exports increased by more than 40%, exports to the European market increased by nearly 20%, but the United States Exports fell by 0.45%.
All Jewelry Co., Ltd. in Yiwu market town of staff Yu-xi Zou said that the U.S. actually reduced the number of guests, but France and Russia, the number of stable customers.
Arts & Crafts Co., Ltd. Yiwu City Forest manager Feng Jiangying source, said customers in Europe and America less, we will adjust the product mix to attract South America, Africa and Middle East customers.
Then the toy industry, for example, according to Toy Industry Association, Yiwu Tong Yuanzhi introduction, Yiwu toy originally mainly exported to Europe. Global financial turmoil, many toy companies to develop rapidly in Russia, Brazil, India and other emerging markets. Today, only Russia’s toy export variety, from the beginning more than 10, increased to 100.
“Overall, the global financial crisis has so far been little Yiwu Small Commodity Market, the index now running smoothly. Next global financial crisis influence on the market is likely to increase, but Yiwu is the main business necessity, the overall , the international demand is still rigid. “HU Zhi-long said.
Yiwu is a city built in the market. United Nations, the World Bank, Morgan Stanley and other world authorities jointly issued a report on China’s development, saying “the world’s largest small commodities, Yiwu wholesale market.” Yiwu market commercial spaces 60,000, if the business place of stay in each 3 minutes, 8 hours per day, a year time to stroll.
Yiwu market in about 30% of the commercial spaces leased by the Yiwu local enterprises, 30% of the commercial spaces from other parts of Zhejiang, leasing companies, 30% of the commercial spaces from the rest of the country by the leasing companies, while 10% of the commercial spaces from the world other countries and regions, lease.
Overseas Chinese businessmen from Malaysia rule Chen said the Chinese market for Malaysian businessmen only just beginning in terms of intervention, and development of Yiwu is a good platform for the Chinese market, it is radiating broad operating flexibility.
Chen administration three months ago in the Yiwu Small Commodity market rented commercial spaces, he said, “In the global financial turmoil, we remain optimistic about the Chinese market.”
I am China Toys Suppliers writer, reports some information about bucket fishing hat , denim bucket hat.
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