Yiwu: The Largest Small Commodity Distribution Center In The World

Ni civilization Guro Atsumi, 31 years old, is one of tens of thousands of traders in Yiwu, Zhejiang.

His job is to take orders from American customers through the Internet, and then run to Wuxi, Jiangsu alone.

Small factories turn orders into commodities and then pport goods to the United States through cars and ships.

Ni Wenming has never been to the United States, nor does he know what his American customers look like, but he can convert tens of millions of colorful plastic bracelets into a stack of dollars every year.

In the dazzling Yiwu, buttons, light bulbs and even bra buckles can be found in Yiwu as long as you can think of anything.

A lot of Ni civilization has sold these goods to America, Europe, Middle East and Africa through "ants moving".

Yiwu has also become the largest small commodity distribution center in the world.

Yiwu is China's largest inland port and the largest export base for small commodities.

In the past more than 10 years since China's entry into the WTO, Yiwu's total foreign trade has increased rapidly. The import and export volume in 2010 has been 8.9 times and 27 times that of 2000, respectively, with an average annual compound growth rate of 22% and 35% respectively.

In fact, in the past 10 years, the total import and export value of China has jumped from 519 billion 750 million US dollars in 2001 to US $2 trillion and 972 billion 760 million in 2010, an increase of nearly 6 times, with an average annual growth rate of over 20%.

Export has become a powerful engine to stimulate China's economic growth, and has also brought huge foreign exchange reserves to China.

From 212 billion 200 million dollars in 2001 to 28473 billion dollars in 2010, China's foreign exchange reserves increased by more than 12 times.

China's GDP also increased from 11 trillion yuan in 2001 to nearly 40 trillion yuan in 2010. It jumped from the world's ninth largest economy to the world's second largest economy, the first largest exporter and the second largest importer from the beginning of WTO accession.

From the upmarket streets of New York

Mobile phones in rural Angola, China, are filled with every corner of the world.

Foreign direct investment (FDI) is a basic project for China to implement the "going out" strategy. This year is the establishment of 10th anniversary of the foreign direct investment statistics system.

In 2011, China's net foreign direct investment amounted to US $74 billion 650 million, an increase of 8.5% over 2010 and the fourth place in the world.

By the end of 2011, more than 1.3 domestic investors in China had set up 1.8 overseas direct investment enterprises abroad, distributed in 177 countries and regions, and the total net foreign direct investment amounted to US $424 billion 780 million, and the total assets of overseas enterprises amounted to nearly US $two trillion.

This is a microcosm of China's foreign trade after China's accession to the WTO.

Shen Danyang, spokesman of the Ministry of Commerce, said that in the 1~7 month of this year, 13677 new foreign-invested enterprises were newly approved in the whole country, a decrease of 12.3% compared with the same period last year. The actual amount of foreign capital invested was 66 billion 670 million US dollars, down 3.6% from the same period last year.

In terms of foreign trade, China's imports and exports totaled US $2 trillion and 168 billion 370 million in 1~7, an increase of 7.1% over the same period last year.

In July this year, the growth rate of foreign trade, especially the export growth rate, dropped sharply. In July, the total import and export volume of China and the EU was about 48 billion US dollars, down 8.9% from the same period last year, of which China's exports to the EU dropped by 16.6%.

Over the same period, China's exports to the EU outside its average growth rate are still around 5.5%.

However, the gap in July alone has affected nearly $130 billion in exports.

Compared with the target of 10% growth in import and export at the beginning of the year, we can say that China's trade is facing severe pressure.

Shen Danyang said the main reason was the sharp decline in exports to the EU during the month.

The European debt crisis has escalated and deteriorated. The demand for imports from European countries has dropped sharply, which is beyond the anticipation of many experts.

The EU is China's largest trading partner, and the volume of trade between China and the EU has dropped sharply this year, which has become the primary factor affecting the overall growth of China's exports.

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Sheng Bin, Professor of economics at Nankai University, pointed out that after China's accession to the WTO, the evolution of China's trade policy has gone through 3 stages: the first stage (from 2001 to 2005), fulfilling the commitments of accession to the WTO in an all-round way and effectively promoting the market-oriented economic liberalization and trade liberalization, so that the pparency of the economic and trade laws and regulations system and policy management has been significantly improved. In the second stage (2006 to 2008), trade policies have been adjusted to promote the pformation of trade growth mode and to reduce the international pressure brought about by foreign trade surplus, which is mainly manifested in the restriction on some exports; the third stage (2008 to 2012), in response to global challenges,

We should adopt a trade policy to stabilize external demand and gradually correct external imbalances.

In recent days, Premier Wen Jiabao inspecting in Guangdong pointed out that at present, we should attach great importance to the problems and difficulties in the import and export trade, and take targeted measures to promote stable growth of exports, so as to provide favorable conditions for achieving the goal of economic and social development throughout the year.

For many foreign companies, 2012 is definitely "cold winter", but it is a rare opportunity for Yang Chunxia, general manager of Guangxi Nanning Yun Xia national costume design studio.

"Just signed a US $twenty thousand order with the US, and it should be a potential customer who can continue to bring orders."

Yang Chunxia, who went to sea in 2004, was a teacher of costume design in Colleges and universities. Today, her online clothing store has been awarded the title of the world's top ten network operators by the Alibaba.

In 2010, a German company contacted her to customize the traditional German national costume.

Yang Chunxia, who made the national costume business on the e-commerce platform Alibaba, seized the opportunity to expand the business.

A year later, 1/3 of her company's turnover of about 20000000 yuan came from foreign trade earnings.

Yang Chunxia said that although foreign trade accounts for only 1/3 of its company's sales, profits are double or even two times that of domestic trade.

Differentiated and customized products still sell well in Europe and America.

Yang Chunxia said that innovation is the first element that she grasped the customers. She can develop the market according to the national characteristics of different countries and customize clothing according to the needs of customers.

China's raw materials are also a magic weapon for her.

Yang Chunxia collects national fabrics and raw materials in various parts of Guangxi. These unique raw materials are of high price and high profits.

In the first half of 2012, Yang Chunxia's foreign trade continued to grow.

"I only have these things."

Yang Chunxia said that she never played a price war, and that the market in the future would only increase year after year.

For Yiwu's little boss Ni civilization, he is not worried about the future. "China's economy is still growing. In addition to China, no country can provide so many cheap and varied products."