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The 15th China Yiwu International Commodities Fair concluded on October 25. This Yiwu Fair further improves its internationality. First, the number of foreign traders rises apparently. The main exhibition hall of Yiwu Fair has received 17,484 foreign traders who come from 158 countries and regions in five days, a rise of 8.5% on an annual basis. Second, Yiwu Fair has become a stage for international corporations and "global purchasing and selling". In 2008, there were only45 booths in the International Hall, but this year, the booths increase enormously to 108. Third, local government helps to promote the internationalization of Yiwu Fair. Fourth, the service of Yiwu Fair is internationalized, which is shown in foreign traders' application of visa and purchasing card, information consultation, translation, etc. It is learned that the turnover of the 15th Yiwu Fair has reached 11.5 billion yuan, a rise of 11.4% compared with last year. The turnover of foreign trade has reached $1.017 billion, accounting for 61.7% of the total, up 7.17% on an annual basis. The turnover of domestic trade has reached 4.421 billion yuan with a rise of 13.2% on an annual basis.
Yiwu International Expo Center has been put into use during Yiwu Fair this year. This new exhibition venue has a total building floorage of 296,000 square meters. It is the largest individual building for exhibition in East China and the second largest in China, which can provide 5,300 international standard booths. Yiwu International Expo Center has complete and advanced facilities, including modern intelligent network, visitor login system, information inquirysy stem and security check system. The new exhibition venue has laid a solid foundation for the success of Yiwu Fair this year.
The valuable information and the charm of Yiwu market have been spread to the world once again through 2009 China Yiwu International Commodities Fair. A series of future trend reports of different trades were published during Yiwu Fair, and more than 1,500 new commodities including ornaments, scarves and hats, electronic and electrical appliances, socks and stockings were well displayed through live shows during the fair. The press conference hall in the International Expo Center was always full of visitors, purchasers and exhibitors when a conference was to begin. The release of Yiwu Index, Commodities Classification and Codes and fashion trends of commodities strengthen the speech right of Yiwu commodities.
The theme of the 15th Yiwu Fair is "Yiwu, a guide for global sourcing". The fair brings people many surprises. Korea Hall, which attended Yiwu Fair for the first time, has signed letters of intention for cooperation amounting to 102 million yuan in value. Specialties with distinctive national features such as Japanese seasonings, Nepali wall carpet, and Brazilian jade all want to explore Chinese market through Yiwu Fair.
Facing the financial crisis, Yiwu Fair this year has been placed high hopes on, and the results are also very exciting. Both the professional visitors and turnover of the fair rise this year. The biggest winners are the enterprises participating in this Yiwu Fair, who not only received orders and obtained opportunities and trade information, but also found their confidence back.
The number of professional visitors of Yiwu Fair this year has reached 123,000, a rise of 17.2% on an annual basis. This proved the purchasers' recognition of Yiwu Fair and their confidence in it. After visiting the venue, members of Leganes (Spain) purchasing group said that theyare fond of new products with Chinese features and that Chinese products have more space of development in Europe.
Abdulla, a purchaser from Jordan, thinks that Yiwu enterprises need to invest more in technology research and create high quality products with more technology content and competitiveness. And Arias, a purchaser from Costa Rica, expects to see more products with human-oriented designs and new technology.
Source: Yiwu Business
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