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Yiwu Fair, a Powerful Radiation Source of Economy

Hits:  UpdateTime:2010-10-16 07:09:54  【Printing】  【Close

"Many advertising companies prepare for the exhibitions of the annual Yiwu Fair for more than half a year," said a staff member of the organizing committee of Yiwu Fair. Many Yiwu advertising companies prepared the fair-related business like data design and printing half a year earlier, which brought them huge profits. Hotel suites are fully occupied by businessmen from home and abroad. All these only partly reflect the effects on economy brought by Yiwu Fair.

The Yiwu Fair is a significant symbol, as the radiation of the Yiwu Fair and economy stretches to every place wherever the shuttles go. The Yiwu economic circle emerges with the Yiwu Fair as well as the commodities market. And commodities are delivered to every part of the nation and the whole world through this circle.

Exhibitions serve as a gate to global trade
"We gained orders from Korea and the United Arab Emirates through the fair," said Chen Linguan, a wrapping and publishing manufacturer. He has booths in the International Trade Mart and his customers were mainly from home. Last year he got two booths in the fair and he gained many an order from abroad with sales volume tripled so that he starts to do international trade now.

The Yiwu Fair is a gate to the global trade, which attracts numerous foreign businessmen and improves the foreign orientation of China Commodities City.

Due to the great importance attached by the CPC Yiwu Municipal Committee and Yiwu government as well as related superior departments, the Yiwu Fair is characterized by huge scale, good quality, new variety and reasonable price, which win the favor of many foreign businessmen whose number is growing every year. The foreign businessmen play an important role in the fair and through the fair, and they know the China Commodities City better. More and more foreign businessmen purchase goods in the China Commodities City permanently.

Exhibitions improve the level of Yiwu market
With Yiwu Fair held one year after another, the method of transaction through orders in the fair spread rapidly to the city's market. After a few years, the trade method of China Commodities City changed totally. According to the statistics from Yiwu International Trade Mart, more than 80% of dealers in it do business through orders, and the volume of business in this form makes up over 60% of the total turnover of Yiwu market.

Yiwu Fair has an increasing attraction to many Yiwu enterprises. They have promoted their sales mode through Yiwu Fair and attracted an increasing number of American and European customers with their sales channels abroad further expanded.

As a matter of fact, Yiwu China Commodity City is a fair that opens perennially, which should be partly attributed to the drive of Yiwu Fair, said some insider.

Exhibitions and trade benefit each other
It is learned that Yiwu has become the first county-level city in China that can hold exhibitions overseas. Since 1995, the scale and the level of Yiwu Fair has been improved and upgraded year by year. Yiwu Commodities Fair was upgraded to "China Yiwu International Commodities Fair" jointly hosted by five departments at the provincial and ministerial level including the Ministry of Commerce. Practice of the past few years proves that Yiwu Fair does not only indicate the prosperity of Yiwu market, but serves as a booster for Yiwu social and economic development in an all-round way.

With the expansion of Yiwu market and the increase of its influence, Yiwu Fair has an increasing attraction to firms in Yiwu economic circle and has become an important platform for those firms to exploit market for their products. This is the charm of Yiwu market and Yiwu Fair.

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