Business Yiwu 101

'Business' News

Krishna meets Indian traders stuck in China, assures help
India Today
The traders were shifted to a hotel in Shanghai by Indian officials after they were tortured by locals in the business hub of Yiwu . Reports said that the traders had requested Krishna to help speed up their return to India.

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China Daily

BOC again provides needed backup - for SMEs
China Daily
In 2008, BOC began its business tailored to SMEs. By the end of 2010, the head office and 27 provincial branches served SME operations in 257 locations in the country. The bank also designed new credit products for SMEs nationwide. Yiwu, a city in ...

China Daily

Website will take on group-buying giants via China
China Daily
"In the US, a handbag may cost you $50, but in Yiwu, it will only cost you $4," Jonathan Jenkins said. "I thought it could be a successful business if I bought goods from China and sold them in the US." So he opened two shops in Texas under the name of ...

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India Today

Indian trader stuck in China pleads for government help
India Today
Raheja has alleged that he has been getting threats from people in the business hub of Yiwu, where he and his colleague were beaten up before the Indian government intervened and secured their transfer to Shanghai few days ago.

Imports, exports of Zhejiang Province in 2011 hit $309.4 bln
People's Daily Online
A customer (Top) talks about business with a shopkeeper at a shop in Yiwu International Trade Center in Yiwu, east China's Zhejiang Province, Dec. 18, 2011. The total value of imports and exports of Zhejiang Province in 2011 reached 309.4 billion US ...

Himalayan Boulder
Outlook
... the Indian media is agog with the story of how local traders in China's southern trading hub of Yiwu recently kidnapped and assaulted two Mumbai-based Indian businessmen, Deepak Raheja and Shyamsunder Agarwal, who were employed by a Yemeni company.
Dragon BiteIndian Express

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ASEAN-China Centre to help promote business, cultural exchanges
Channel News Asia
The centre will keep businesses informed about Chinese regulations, help them analyse the Chinese market, and link up with trade partners. And to promote Southeast Asia, an ASEAN product promotion centre will be set up in Yiwu city in Zhejiang province ...

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The Atlantic

Islam with Chinese Characteristics
The Atlantic
"Even an Israeli company would be better," one commenter wrote, "At least they believe in God." "Religion doesn't and shouldn't interfere in the business world, I think that the Chinese company got the bid because it presented and justified the ...

China Daily

Chinese wine investors worry as rare vintages drop in value
China Daily
I think it is normal to have some fluctuations in the wine market," said Zhou Yang, a wine collector from Yiwu in Zhejiang province. "But I believe the price will not go into a free fall because vintage wine has remained one of the best hedges against ...

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China court papers detail dark side of diamond trade
Livemint
Their release came at a time when sensitivities over trade with China were heightened by the alleged detention and torture of two Indian traders by Chinese counterparts in the eastern Chinese city of Yiwu. Both Bharatiya Janata Party and Congress ...

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