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]]>Under these innovative policies, foreign and overseas Chinese buyers who have been cordially invited to Yiwu by the market operators will be granted the privilege of luxurious rooms valued at RMB 240 per night in select partner hotels. This gracious offer extends for up to 10 nights per person, allowing the fortunate recipients to fully immerse themselves in the city’s commercial offerings and cultural riches. The initiative is projected to accommodate a substantial number of 5000 individuals, truly underscoring Yiwu’s commitment to enhancing its international trading environment.
To be eligible for this extraordinary opportunity, interested individuals must meet several key criteria.
The unveiling of these incentives is a testament to Yiwu’s enduring commitment to fostering international trade, cultural exchange, and economic development. By providing foreign and overseas Chinese buyers with the chance to explore the city’s bustling markets and rich heritage, Yiwu aims to create lasting relationships that transcend borders.
As Yiwu continues to thrive as a pivotal player in the global trade arena, these innovative incentive policies promise to elevate the city’s status even further. With its welcoming spirit and progressive outlook, Yiwu beckons foreign buyers to seize this remarkable opportunity, forging connections that will undoubtedly shape the future of international commerce.
For interested parties, please contact China Commodity City (CCC) Buyer Service Center via the following methods, and we are also available to help you with any regarding questions.
Contact number: +86 – 18969387158
Address: No.2 South Gate, District 4, Buyer Service Center, Yiwu international Trade City
mail: info@linkyiwu.com
Don’t miss your chance to be a part of this exciting new chapter in Yiwu’s history!
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]]>The post How to Get a Visa for China: A Step-by-Step Guide appeared first on Yiwu Market Guide, Yiwu Agent, Yiwu China.
]]>With the adjustment of Covid-19 restrictions in China, sourcing products in person from China can be easier than it was. But you still need to apply for a Chinese visa if you are not eligible for China visa exemption requirements.
The China government offers various types of visas, each with its requirements and limitations. When it comes to sourcing from the Yiwu Market, a tourist or business visa can be well suited.
In this article, we will guide you to apply for a business and tourist visa to China.
But first, let’s identify whether you need a China visa.
A visa is not always a must to go to China in the following cases. Check them and decide whether you have to apply for a China visa.
No need for Chinese visa application if you transit directly through mainland China by air, ship, or train and will stay less than 24 hours. If you intend to go beyond the airport boundaries for city sightseeing within 24 hours, a Temporary Stay Permit is needed.
Citizens of 53 countries with valid international travel documents and air tickets can be exempt from visa application with less than 72 stay at ports of entry in China.
Find more information about the 53 countries and entry ports in this sheet.
If you are from one of the 53 countries we mentioned above, you are entitled to stay up to 144 hours(6 days) in Beijing, Shanghai, Tianjin, Jiangsu, Zhejiang, and Liaoning without a Chinese visa.
If you are from Singapore, Brunei, or Japan and hold an ordinary passport of your country, you may enter China without a visa through the ports of entry. In this case, you come to China for tourism, a family visit, business, or transit, and intend to stay in China for no more than 15 days.
You can visit China with no need to apply for a visa if you hold a valid APEC Business Travel Card.
If you hold a valid Foreigner’s Permanent Residence Card of the PRC or Residence Permit for Foreigners in the PRC, you meet the visa-free qualification.
China reached agreements on mutual visa exemption with some foreign countries. If you own a diplomatic, service, or official passport of the country on the list, you are entitled to a stay of less than 30 days.
Find you are not qualified for visa-free requirements?
No worries. In this section, we will walk you through the process to apply for a business or tourist visa to trade or travel in China.
Keep reading!
Before your application, you need to decide on which type of visa you should apply for.
As we mentioned earlier, a tourist or business visa suits you fine if you aim to import from China.
A tourist visa is suitable for those who come to China for tourism. But with this visa, you can also buy something in China like goods in Yiwu.
A business visa is for foreigners who intend to conduct commercial and trade activities in China. For example, you plan to trade with a Chinese business partner.
In your case, either visa type is appropriate.
Since you have decided on the visa type, it is time to prepare the required documents.
Your original passport with at least 3 months remaining validity and at least 1 blank visa page
Copy your passport including the information and photo page
Fill your personal information in the visa application form online, print it, and sign it.
The photo needed is approximately 48mm x 33mm (bare-head, full face) against a light background. Click to check the photo requirements for the Chinese Visa Application.
Tips: Make sure all information you fill in is true, complete, and accurate. Once you submit the application form, you cannot modify it.
You should provide documents like a driver’s license, utility bill, or bank bill to prove your legal residence.
This proof document must display the same name as that on your passport. Meanwhile, it must display your current residence address as provided on your visa application.
Download the Where You Stay Form, complete it, and sign it
Click here to download the form for US citizens if you are in the US.
Prepare your round-trip ticket booking records and proof of a hotel reservation with your name, OR an invitation letter issued by a relevant entity or individual in China and the inviter’s Chinese ID photocopy
You must provide a visa invitation letter from your trade partner in China.
In this invitation letter, the following information should be included.
Note: LinkYiwu values friendship with our foreign partners as we always do. We can provide you with an invitation letter for the Chinese visa application if you come to Yiwu for product sourcing. Get in touch with us now!
There could be any other documents required depending on the specific circumstance. You may check it out with the Visa Office of the Chinese Embassy or Consulate General that serve in your residence, or contact us for further consult.
After collecting all the documents required for your visa application, you should submit them to the Chinese Embassy or Consulate General based on your location of residence. You can either do this by yourself or entrust someone else to do it on your behalf. But anyway, remember to make an appointment online before going to the Visa Office.
Generally, you can collect your visa 4 business days after your application. But mind that the visa processing time can be 2 business days in an urgent situation, and 3 business days for express service.
You pay the visa application fee when you collect the visa.
Visa fee varies based on citizenship and location.
Here are the visa fees in the US, Canada, the UK, and Australia.
Besides the visa fee, you also need to pay the service fee and tax. It can vary in different service centers.
Note: The visa fee is tax-exempted. A tax or VAT is charged for the application service.
1. Can I apply for a visa to China online?
No, it is not possible to apply for a China visa online currently. All required documents need to be submitted to the Visa Center in the Chinese embassy or Consulate General that serves in your location.
2. When should I apply for a visa?
You can apply for a Chinese visa one month before your intended travel date. Two months in advance would be better in case of any unexpected delays or issues.
3. How long does it take to get a visa to China?
It typically takes 4 days for visa application processing. However, it can be longer if there is something wrong with your physical documents or if a delay in the delivery of your mailed documents occurs.
4. How long is my China visa valid?
Generally, a Chinese visa can be valid from 3 months to 10 years. The duration of stay allowed can vary from 30 to 180 days based on the type of visa issued.
To know the exact validity of your China visa, you can check the visa sticker or stamp in your passport, which will indicate when the visa is valid.
5. Can I extend the duration of stay of my visa in China?
You may apply for an extension of the “duration of stay” of your visa at a local public security authority before it expires.
6. Can someone else submit my visa application documents on my behalf ?
Yes. Usually, you should submit visa application documents by yourself. But you can entrust someone else to do it in some special cases.
7. Can I cancel my application after submitting it?
No, you can’t cancel your application and withdraw it once you have submitted it. You still need to pay the visa fee and service fee accordingly.
8. What to do if my visa application is denied?
You may check if there is something wrong with your application documents and apply for a China visa again. Or you can consult the Visa Office about the reason for the denial and prepare for the application next time.
Obtaining a Chinese visa is necessary for entry into China if you are not eligible for visa exemption requirements. In light of your purpose to import from China, a travel or business visa is well suited for you.
Hope this guide on how to apply for a tourist visa or business visa to China is helpful to you.
If there are any questions, please feel free to contact us.
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]]>The post Do You Need to Find a Yiwu Sourcing Agent to Help You appeared first on Yiwu Market Guide, Yiwu Agent, Yiwu China.
]]>Are you searching for a marketplace that sells almost all types of products? Do you want to buy bulk products at wholesale prices? Then visiting Yiwu wholesale market in China is your best choice.
Yiwu Wholesale Market is known as the largest marketplace in the world, with more than 75,000 booths, you can find almost every kind of product you can think of. However, it is impossible for buyers to visit every booth in person during their short and busy trip to Yiwu, China. Thus, it is necessary to find a Yiwu sourcing agent to assist buyers in purchasing and guiding.
In this article, we’ll explain why you need to find an agent for Yiwu market to help you, what services they offer, and some of Yiwu agent tricks you need to know.
Yiwu International Trade City is the primary wholesale market complex in Yiwu, china. It’s the world’s largest wholesale market for items that are “relatively inexpensive, non-technical, mass-market”, serving as the major conduit for many types of such goods.
Yiwu Market has 5 districts, founded in 1982, and now has a business area of more than 6.4 million square meters, and 75,000 booths, including daily groceries, toys, clothing, jewelry, furniture, home furnishing categories, and so on. It is an international small commodity trading, information, and exhibition center. There is a well-known description of it: if you stop for three minutes at each booth, it will take you one year to visit the entire market.
Therefore, if you are visiting it for the first time, it is a better choice to have an agent to help you. Otherwise, you are likely to get lost in circles in the same area.
Address: No.69, Chouzhou North Road
Opening Hours: 9: 00 am – 5: 00 pm
Yiwu agent is a new type of agent for exporting and importing goods from Yiwu in China. Due to its efficiency, it has now become a warmly welcomed new option for many foreign trade companies.
These agents typically have a deep understanding of China manufacturing and can provide valuable insight and assistance throughout the sourcing process. They often have relationships with a wide range of suppliers in Yiwu, giving buyers access to a wider range of potential partners. They can help negotiate better prices with suppliers, resulting in cost savings for buyers. And they can also streamline the sourcing process, saving buyers time and resources.
Overall, Yiwu sourcing agents play a crucial role in helping businesses successfully source products from Yiwu, China.
There are many advantages to working with a Yiwu sourcing agent. It’s an excellent investment, especially for buyers with little experience in the Yiwu market.
The premise of the existence of Yiwu agent is that the price of the products provided is lower than the price purchased by the buyers themselves.
An experienced sourcing agent has contacts in almost every industry. They can give their clients access to manufacturers and suppliers who offer products at competitive prices at a reliable rate.
When you connect with different suppliers for different products in Yiwu market, you may encounter various difficulties, not to mention efficiency. Yiwu sourcing agents can help buyers overcome cultural and language barriers when sourcing products. They can negotiate and deliver information more effectively without being mistranslated.
For inexperienced foreign buyers, dealing with Yiwu suppliers can be risky. Many things can go wrong, mainly when they cannot oversee their products’ production, which means that the quality of the product cannot be ensured. Yiwu sourcing agents minimize this risk by acting as a liaison between suppliers and buyers.
Yiwu agents have the most up-to-date information on the Yiwu market. They can assist you in the complete process within a short amount of time and on a limited budget.
The services provided by the Yiwu agent are as follows:
Finding the best supplier that has quality products and offers the best prices can be a big issue if you are new to the market. Yiwu agents can not only help you search for suppliers online, but also accompany you to the market for offline purchasing. With the local knowledge of Yiwu agents, you can really benefit a lot.
A good Yiwu sourcing agent can help you find better suppliers through a more scientific approval process including supplier pre-qualification, background check, and factory audit. With the help of your Yiwu Agent, you can get a list of the most reliable suppliers that are selling your desired products at the best prices.
If you need samples from the market or want to make some adjustments to market products, you can tell the supplier the specific requirements through the agent. After the sample is finished, Yiwu agent checks the sample according to your needs. If the sample meets your requirements, the agent helps arrange express delivery of the sample to you as soon as possible.
If you are visiting Yiwu market for the first time, it might be difficult for you to arrange the right and reliable shipping method for your products to your country. With Yiwu sourcing agent, you don’t have to worry about getting your cargo from Yiwu wholesale market to your final destination.
Yiwu agent can help you with the process and make the right shipping arrangements for you, ensuring you receive what you ordered from the supplier. You can rest assured that the sourcing agents have extensive resources on freight and courier companies, and you’ll get the safest shipping method at the best price.
Another great benefit of having a sourcing agent is to act as your representative during quality inspection. Also, you can request them to check the goods at various stages, such as when the production is started, after the goods are finished, and also during the loading of the container. If quality issues are found before shipment, the agent can help you discuss them with the supplier, investigate the quality problem and work out a solution.
You may alternatively consider a third-party inspection company, but their rates are rather high. Also, they are only responsible for issuing inspection reports, and won’t help you solve quality problems with the supplier. For the time and labor involved in quality inspection, the agent charges a certain inspection fee, which is much lower than the cost of the inspection company.
You might need warehousing if you plan to keep products for quality check or if you are looking to buy more than one type of product and secure them so that they can be shipped together.
The best thing about Yiwu agent services is that they provide you with free warehouse service for a period. Also, they guarantee you that your products are safe in their warehouse. Some agents also help in consolidating the products from multiple suppliers as well as packaging and labeling them if you request them to do so.
You may not be aware that there are more than 1,000 agencies in Yiwu. The largest agency normally has at least 500 employees while the smallest agency may only hire several agents. There are so many agents in Yiwu that you may not know how to choose the best agent.
In Yiwu, you can come across various ads. At this point, you may be attracted by ads claiming to offer 3% commission or less, and some even offer 0% commission. Our suggestion is that you should not be misled by these ads. This is simply a low-cost competitive marketing method used by agents to attract new clients. When you contact these agents, they’ll also tell you that there are various other service fees to be charged.
Although there is no set industry standard for Yiwu agents, as far as we know, it is more reasonable and reliable for the agents to charge around 5-10% service fee. This depends on the reputation and quality of service the agent provides. Commissions are negotiable and depend on the quality, type, and requirements of the product. Moreover, you need to discuss the commission with your Yiwu agent beforehand to avoid any inconvenience later.
In order to acquire benefit for their own company, some agencies that charge low service fees often use some tricks to make up for the loss of service fees.
There are certain tricks that you must be aware of if you want to stay safe and have the products sourced at the best prices in Yiwu wholesale market.
When you think that the quality of a certain supplier’s product is good and the price is acceptable, you place an order. But then, your agent is more likely to replace your supplier with a cheaper one in order to make a profit. However, for you, the lower price means you may get a poor-quality product.
Several Yiwu agents in the market ask the suppliers for a kickback and source your products from these suppliers. You need to beware of such Yiwu agents and keep an eye on the market rates and quality being offered to make sure you are paying a fair price for the product.
Since there are a number of suppliers in the market, the agents get good prices and sometimes hide the prices from you. When you and the supplier decide on the product and price, the agent can force the supplier to cut the price when placing the order. This way, the agent receives the profit from the price difference. This situation also causes the supplier to give you poor product quality, thereby protecting their profit.
However, not all agents use these tricks. A reliable Yiwu agent would represent you and your business in Yiwu market. They join hands with you to discuss your business growth and make the most out of your visit to Yiwu market in China.
Here are some points that should keep in mind when selecting a good Yiwu sourcing agent:
There’s a lot worth exploring in Yiwu market. In this case, it would be time-consuming if you buy on your own and you have to become familiar with every aspect of this market. But with Yiwu agents, you don’t have to worry about that anymore.
On the other hand, for buyers who have no experience in import and export or who have experience but encounter many problems and scams in Yiwu, having a Yiwu agent may be the best option to avoid all these problems and save time and cost.
We are LinkYiwu, a leading China sourcing company, dedicated to helping our clients source products from China at the most competitive prices. If you are interested in importing from Yiwu wholesale market, please feel free to contact us.
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]]>The post New Energy Products Market in Yiwu Is Operating Today appeared first on Yiwu Market Guide, Yiwu Agent, Yiwu China.
]]>New Energy Products Market is operating today. It is the first display and trade market for new energy products in China.
This market is located in the east of District 2 of the Yiwu International Trade City. It focuses on new energy products and hardware tools.
With shortage of traditional energy and global climate changes in recent years, renewable energy products has been increasingly popular. Anyone who specializes in this field can earn an edge over competitors.
To meet the demand for renewable energy products, the Commodities City Group group built this market on the base of the Yiwu’s solar energy industry.
As a model of the sixth-generation market, this New Energy Products Market is in-built with a digital system. Digital techniques are applied to improve buyers’ shopping experience.
Inside the market, a smart electronic screen is used for convenience of customers. Through speaking to or touching the screen, customers can access the information about a store or products they plan to source. Besides, they can find answers to their questions or get a guide to a certain store.
In addition, there is a digital control room in this New Energy Products Market. In this room, customers can check out the passenger flow, vehicle flow, business entities, and other data in real-time. Also, they can get a view of the global trade states and its future blueprints.
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]]>The post How Much Does It Cost to Ship From China appeared first on Yiwu Market Guide, Yiwu Agent, Yiwu China.
]]>“How much does it cost to ship from China?”
This is a frequently asked question among our customers who import from China and sell in the US, Europe, and other regions. If you are buying or plan to buy from China, you are probably as curious as them about the answer.
Shipping cost has a direct impact on your profits. The more you spend on shipping, the less you earn. So it is important to figure out the shipping methods and how much the shipment can cost.
In this article, we will cover you about them.
Keep reading!
The common shipping methods are air freight, express shipping, sea freight, and rail freight.
In this section, we will introduce them one by one.
Air freight is a fast shipping option. It is fit for the delivery of small and medium-sized, light, valuable, and time-sensitive products.
Generally, your package can arrive at the destination within 5 to 15 days by air. But if you work with an express company like DHL, UPS, or FedEx, shipping time will be shortened to 3 to 10 days. Certainly, along with it is a higher cost. For example, you can pay about 2500 CNY (363.5 US dollars) for a 20 kg package from China to the US with DHL.
In addition, there are strict limits on shipped items via air freight. Imitation brands, liquids, powders, batteries, and optical discs are prohibited. And for some sensitive products like electronic painting boards, an extra fee is charged.
Pros
Cons
Shipping by sea is a cost-effective shipping solution. Whatever shipping company you collaborate with, it usually costs no more than $10 per kilo. The majority of products can be shipped via sea freight regardless of their weight, volume, and features.
However, ocean freight is very slow compared to other shipping methods. For example, it can take 15 to 30 days on average to ship from China to the US, even up to 60 days if accidents happen or during a holiday period.
Sea freight includes full container loads (FCL) and less than full container loads (LCL).
FCL means that you use the entire container and pay for the shipment, regardless of whether the container is fully loaded or not. This shipping option is fit for shipments that require a large space or for customers who want to have more control over their cargo. When using FCL, you are responsible for loading and unloading the container.
With LCL, your products are filled in a container with those from other importers. And you share the shipping fee with them. The cargo is usually consolidated at a warehouse or terminal, and you only pay for the space your goods occupy.
Pros
Cons
Rail freight is another shipping method when you import from China. It has been increasingly popular among Europe importers in recent years, especially with the operation of the CHINA RAILWAY Express.
This shipping method is suitable for goods that are too large or heavy for air freight but require a faster delivery than by sea, such as auto parts, beverages, and food. It usually takes about 12 to 20 days to ship from China to Europe.
The cost of rail freight is generally cheaper than air freight or Express but a little more expensive than sea freight.
Pros
Cons
Road freight is the transportation of cargo by trucks on land. It plays an important role in the last-mile transit from the airport, port, or train station to the destination.
Compared with rail freight, road freight is mostly used for delivery over a short distance and is less friendly to the environment. The highlight lies in that it is very flexible due to the developed road system and no limits on the time frame.
Pros
Cons
No shipping method fits all. Before you make the final decision on which to use, consider the following factors.
High-value products need to be shipped by express or air freight. This can keep them secure during the transit and arrive at their destination in a short time.
Product features are also important elements for consideration. If your products are fragile and temperature sensitive, they need a fast and safe shipping solution. While if they are of low value, large-sized, and cumbersome, sea or rail freight will be more suited.
Shipping costs can vary from different shipping methods. Generally, air freight is more expensive than sea freight, and land freight. Sea freight can be the cheapest shipping option.
If your package is in urgent need, you had better choose a fast shipping method, like air freight or rail freight. Otherwise, slow and cost-effective sea freight may suffice.
Additional services such as insurance, customs clearance, and tracking services may not affect your profits in a straight way, but with them, you will find it much easier to ship overseas. So find a shipping method that provides you with these services as possible as you can.
The destination is an important factor you should take into consideration. A shipping method may be cheap when the package is shipped to one region, but not another. Sometimes, it can even not be available at your destination.
There are different ways to calculate the shipping cost. But basically, it is charged based on the actual weight or dimensional weight of a package.
Actual weight refers to the real weight of the package including all of its contents and packaging materials.
Dimensional weight is the weight calculated on the volume of a package, that is length x width x height / 5000 or 6000. It is used to determine shipping costs for packages that take up a lot of space but weigh very little.
If you are not sure how to calculate your shipping fee for an order, you can contact our customer service for support.
To some extent, saving is earning.
Here are some smart tips to save on your shipping cost and increase your profits.
You may meet someone who places their orders from a Chinese supplier and have them shipped separately. To save your shipping costs, you can package your orders in one container and ship them at a time.
If your products are in urgent need, it is necessary to opt for a fast shipping method. But if not, you can choose a slower and cheaper way.
Some items can be packaged in a box while some fit into a bag. Choose the appropriate containers according to the shape, weight, and volume of your products. Also, properly put them in the container to make full use of the space.
Logistics companies offer discounts for their partners at times. You can negotiate with your carrier for discounts available to you.
There are different shipping methods available to ship from China. With each, the shipping time and cost can be different. Take the important factors we mentioned into account and make an informed decision. Meanwhile, remember to adopt some smart tips to save on your shipping fee.
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]]>The post What Products Can You Buy From Yiwu Market appeared first on Yiwu Market Guide, Yiwu Agent, Yiwu China.
]]>Yiwu Market is the largest wholesale market in the world. You will find thousands of wholesalers offering various products at the best prices here.
Many people want to know, what types of goods can I buy from Yiwu market? How do I buy from Yiwu market? How to deal with suppliers in Yiwu market?
This article covers the necessary information you need to know about this wonderful wholesale market in China. Keep reading and I’m sure you’ll find out.
Yiwu International Trade City, also known as “Futian Market”, was established in 1982. It is the largest and most famous wholesale market in Yiwu, consisting of 5 major districts. Foreign media called it “an ocean of commodities and a paradise for shoppers”. Now it has a business area of over 6.4 million square meters, 75,000 Yiwu market suppliers, 210,000 passengers per day, 26 categories, and 2.1 million individual products. Yiwu market products are sold to more than 200 countries and regions. The entire market has easy access to the public, logistics, and information services.
Address: No.69, Chouzhou North Road
Opening hours: 9:00 am-5:00 pm
Yiwu market has 5 districts for various wholesale products. The following are Yiwu market maps of each district.
Yiwu market map details are available. Please click here to download the electronic version or download the Yiwu Market Guide APP. And also you can visit the official site of the market to see what the suppliers can offer.
The initial construction of the first complex of the Yiwu Trade Market began in 2001 and was opened on 22 October 2002. Yiwu Market District 1 covers an area of 340,000 square meters hosting 9000 booths and over 10500 businesses. The building cost of the complex was around 700 million CNY. Yiwu District 1 is divided into five business areas: the main area, the Manufacturers Outlet Center, the Shopping Center, the food court, and the warehousing center.
On average, 40,000 people visit the complex every day, 5000 of whom are foreign visitors. Commodities from District 1 are exported to over 200 countries and regions. Yiwu Market District 1 is an appointed shopping&tourism spot by Zhejiang Tourist Bureau and is titled the first “Five-star Market” of Zhejiang province by the Provincial Industrial & Commercial Bureau.
Floor | Product Categories |
1F | Toy; Artificial Flower; Flower Accessories; Annex Building (Toy / Ornaments / Craft) |
2F | Hair Ornaments; Jewelry & Ornament; Annex Building (Ornament / Ornament Accessories) |
3F | Festival Craft; Decorative Craft; Tourism Craft; Ceramic & Crystal; Frame; Ornament Accessories; Annex Building (Ornaments / Craft / Accessories) |
4F | Taiwan Mall (Flower / Ornaments / Craft); Factory Outlets (Toy / Flower / Ornaments / Accessories) |
Yiwu Market International Trade Mart District 1- East was launched for trial operation on January 6, 2016. The market covers an area of 79,100 square meters, with a floor area of 370,000 square meters and more than 2,500 booths. The first-floor deals in jewelry accessories; the second-floor deals in fashion jewelry and jewelry accessories; the third-floor deals in fashion jewelry.
Floor | Product Categories |
1F | Jewelry Accessories |
2F | Fashion Jewelry; Jewelry Accessories |
3F | Fashion Jewelry |
Yiwu Market District 2 of China Yiwu International Trade City opened on October 22, 2004. The market covers an area of 483 acres, with a construction area of more than 600,000 square meters, with more than 8,000 shops and more than 10,000 business households.
The foreign trade procurement service center is set on the fifth floor of Yiwu Market District 2. And the tourist shopping center and the China Commodity City Development History Exhibition Hall are set on the second and third floors of the market central hall.
In 2005, the market passed the assessment of the national AAAA Tourist Attraction.
Floor | Product Categories |
1F | Rain Wear & Pack; Umbrella; Fujian Mall (Umbrella); Suitcase & Bag |
2F | Electrical Products; Lock; Hardware Tools/Accessories; Vehicle |
3F | Kitchen & Sanitary Hardware; Small Home Appliance; Guangdong Nanhai Mall; Telecommunications; Electronic Appliances & Photographic Equipment; Battery/Lamp/Flash Light (Electronics); Clock & Watch |
4F | Anhui Mall; Yueqing Low-voltage Apparatus; Hongkong Mall; Sichuan Mall; Korean Mall; Suitcase & Bag; Electronics; Clock & Watch; Hardware & Electronics |
5F | Export Agencies; Featured Products |
Yiwu International Trade Mart District 2-East locates on the east of the District 2-F area of the Yiwu market. It is connected with District 2 through 2 corridors.
This market area covers about 131,000 square meters with five floors. On the first and second floors, it hosts over 490 booths for wholesale. Every booth takes up 16 to 60 square meters. And most booths cover an area of 20-30 square meters.
Floor | Product Categories |
1F | Home Improvement Tool; Hardware Tools; Locks |
2F | New Energy products |
3-5F | New Energy products |
Yiwu Market District 3 has a building area of 460,000 square meters. The first to third floors have more than 6,000 standard booths of 14 square meters, and the fourth to fifth floors have more than 600 commercial booths of 80-100 square meters. There are more than 650 exhibition halls of more than 50 square meters and more than 8,000 business households. The fourth floor is the direct sales center of production enterprises, and the entry industries are stationery, sporting goods, cosmetics, glasses, zippers, buttons, clothing accessories, and other industries.
People and goods flow unimpeded in the market. Cars can reach all floors, and there are multiple ground parking lots and rooftop parking lots. Modern logistics, e-commerce, international trade, financial services, as well as accommodation, catering, entertainment, and other service functions are complete.
Floor | Product Categories |
-1F | Spring Festival Pictures; Calendars and Spring Couplets |
1F | Pen Paper Ink; Eyeglasses |
2F | Office & Study Stationery; Cultural & Sports Products; Outdoor Product |
3F | Cosmetics; Cosmetic Accessories; Beauty Products; Mirror & Comb; Button & Zipper; Accessories; Apparel Accessories |
4F | Factory Outlets-Cosmetics/Beauty Products; Factory Outlets-Cultural & Sports; Factory Outlets-Apparel Accessories |
5F | The Imported Commodities Mall/Roof Parking Lots |
Yiwu Market District 4 is the sixth-generation market of Yiwu China Commodity City. The market opened on October 21, 2008, with a floor area of 1.08 million square meters and 16,000 shops.
The market has elevated lanes, and various vehicles can go directly to all floors of the market. There are plenty of berths in the market. In addition to large underground parking lots, there are also multiple surface parking lots and rooftop parking lots. District 4 of Yiwu International Trade City, China draws on the advanced design concepts of the current international large-scale commercial centers and integrates a number of high-tech products. It is the commodity wholesale trading market with the highest technological content and the highest international level in China. It is a modern landmark building in Yiwu market.
Floor | Product Categories |
1F | Socks |
2F | Knitted Goods; Hat & Cap; Gloves; Daily Necessities; Earmuffs |
3F | Caddice; Tie; Lace; Towel; Thread & Tape; Shoes |
4F | Belt/Accessories; Bra & Underwear; Scarf |
5F | Tourism and Shopping Center; Garments; Shoes; Daily Necessities; Frame/Accessories |
Yiwu Market District 5 is located south of Chengxin Avenue, north of Yinhai Road, and 310 Provincial Highway in the east. It is connected to the four districts of the International Trade City in the west. The transportation is convenient and the location advantage is unique. The market covers an area of 266.2 acres, with a construction area of 640,000 square meters, and a total investment of 1.42 billion yuan. It is divided into five floors above ground and two floors underground. It has more than 7,000 shops and mainly deals in imported goods, bedding, textiles, knitting raw materials, automotive supplies, and accessories industries.
Floor | Product Categories |
1F | Imported goods; African products direct sales center; jewelry; handicrafts; clothing shoes and hats; food (including alcohol); health care products |
2F | Bedding; Chinese Knot; DIY Handicraft |
3F | Curtain Cloth; Knitted Cloth; Knitted Fabric |
4F | Car Necessities; Car & Motorcycle Accessories; Commodity Distribution |
5F | Online Services |
Sourcing products in Yiwu market can be challenging, especially if you are new to the market. Considering there are over 75,000 booths in the market, it isn’t easy to find what you need.
In this huge marketplace, you can source products with the following methods:
In Yiwu market, you need to visit different booths in person to find the specific product you need. Each booth displays a variety of samples for you to choose from, and you can also negotiate with the owner and bargain. Of course, the premise of doing this is that you have no language communication problems. This is an ideal method, especially if you are an experienced buyer or familiar with the market.
In Yiwu, some suppliers speak limited English while most suppliers can’t, let alone other languages. To communicate with your suppliers smoothly, hiring an interpreter can be the way to go. From English, Spanish, and French to Russian, the price ranges from 200 to 500 RMB per day.
This method is effective for product sourcing as communication challenges do exist. Anyway, asking an interpreter for help always makes the sourcing process efficient.
As mentioned in the previous point, if you hire an interpreter to help you with your purchases, that’s all they offer. If you need more afterward services, such as receiving, inspecting, and shipping, you may need to find an agent to help you integrate all these things. Sourcing agents can help you visit the right supplier for your products, arrange payments, store your products, ship them to the destination according to your instructions, and so on.
It is important for you to know how to deal with the Yiwu wholesale market suppliers to source the best quality products at the right price. To deal with the Chinese suppliers of Yiwu market, you need to take care of certain important aspects.
Here are some tips for dealing with Yiwu market suppliers:
In Yiwu market, some suppliers are specialized in one category, and some others sell various categories of products at the same time. For specialized suppliers, they can provide you with the most affordable price, better product quality, and safe shipment.
Suppliers involving more categories tend to be more familiar with a wide range of products and usually have many cooperative factories. On the other hand, suppliers who sell multiple products are not as skilled as those who specialize in one type of commodity.
So, when choosing the right supplier, you should visit more than just one supplier and ask them for a catalog of the product along with samples. Most of the suppliers in Yiwu market offer catalogs and samples of their products. This can greatly help you make the right sourcing decision for the product you are looking to buy.
When you are going to purchase in large quantities from suppliers in Yiwu market, it’s important to ensure that the quality of the massive production must be the same as the quality of samples. Don’t take it for granted that as long as you place an order based on the samples you see in the market, your product quality will naturally be the same as that of the samples.
It is preferable to inspect the product twice for confirmation and assurance, or you can hire an agent to do the quality inspection for you. The truth is that if you do not double-check with the supplier, in most cases, you’ll be surprised at what you receive. The product material, size, weight, or color could all differ compared to the sample you selected.
Yiwu market is famous for price negotiation. To complete price negotiations efficiently and shorten the process, try to deal directly with the manager or boss. Generally, if you purchase products in large quantities, the supplier may give you a reasonable price, and some suppliers may also offer you a 3%-5% discount on the entire order.
Some people believe that if they directly raise the order amount, they can get a good discount from the supplier. But that’s not true, and this is because suppliers don’t trust buyers blindly. They just think it’s your trick to ask them for the lowest price possible, so don’t be surprised because it’s normal.
Before you meet with the supplier, you should find out the market price of the product online. This is the premise of your negotiation with suppliers. Furthermore, if you want to get an accurate idea of prices, you must go all over the market and visit different vendors. Once you have compared the prices, you’ll have a clear idea.
When you come to Yiwu, you will be amazed by its huge wholesale Market. Apart from China, no other country has a wholesale market like Yiwu. Yiwu market is definitely the best place to buy cheap goods.
If you are not sure whether Yiwu market has the product you want, please contact us. We are happy to let you know before your trip to Yiwu.
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]]>The post What’s the Best Way to Go to Yiwu Market appeared first on Yiwu Market Guide, Yiwu Agent, Yiwu China.
]]>If you have never been to Yiwu, there are many ways to get from your country that you need to know so that you can choose the best one. Before you book your flight to China, make sure to read this whole guide so you can have a smooth and successful purchasing experience at Yiwu Market.
Yiwu is a multicultural city located in the central Zhejiang Province, close to China’s central eastern coast, not far from Shanghai Port and Ningbo Port. The city is most famous for its wholesale commodity center and vibrant market which is considered to be a regional tourist destination.
Yiwu has developed various public facilities such as amusement places, convenient transportation, and star-rated hotels. Every year, the city attracts numerous businessmen from all over the world.
Situated on the Chouzhou Road of the ‘First City of China’ – Yiwu, in Zhejiang Province, Yiwu International Trade City (also called Futian Market) is a modern international specialty market. There are five business districts including the chief market and centers for direct sales, purchasing, storage, and dining. The products come from around 40 industries and include 2,000 different categories of goods. 65% of these products are exported to over 215 countries and regions. It has developed into an information, innovation, exhibition, and distribution center for consumer goods.
Address: No.69, Chouzhou North Road
Opening hours: 9:00 am-5:00 pm
Since your city may not have a direct international flight to Yiwu, you need to take a direct flight from your city to the transit city in China, and then choose the best way to go to Yiwu.
Transit Cities in China | Airports | Major Foreign Cities |
Beijing | Beijing Capital International Airport Beijing Daxing International Airport | London, Paris, Berling Los Angeles, Chicago, Toronto Istanbul, Singapore, Istanbul |
Shanghai | Shanghai Hongqiao International Airport Shanghai Pudong International Airport | Paris, Frankfurt, London Sydney, New York, Los Angeles Kuala Lumpur, New Delhi, Dubai |
Chengdu | Chengdu Shuangliu International Airport Chengdu Tianfu International Airport | Frankfurt, Moscow, Sydney New York, Vancouver, Los Angeles Dubai, Phuket, Kathmandu |
Guangzhou | Guangzhou Baiyun International Airport | London, Paris, New York Osaka, Seoul, Singapore |
Hangzhou | Hangzhou Xiaoshan International Airport | Madrid, Rome, Melbourne San-Francisco, Vancouver Cairo, Bangkok, Tokyo |
There is no direct international flight that can arrive at Yiwu, so the importers normally arrive at:
Then take another journey to Yiwu.
The following is how to go to Yiwu after you arrive at the transit city in China.
To get from Beijing to Yiwu, there are two ways:
A single trip from Beijing to Yiwu takes about 2.5 hours. The airfare is around CNY 690 ($100) to CNY 967 ($140). For those who travel in a hurry, flight can be a quite preferable choice.
There are 4 high-speed trains running between Beijing and Yiwu for a distance of 862 miles and takes about 6.5 to 7.5 hours. The ticket fare for a second class seat is around CNY 760 ($110) per person. You can go from Beijing airport to the train station via subway, bus, or taxi.
There are three ways to get from Shanghai Pudong Airport to Yiwu. These are as follows:
Shanghai is about 300km far away from Yiwu. If your international flight is arriving in Shanghai, you can choose to take the bus directly from Pudong Airport to Yiwu as it’s very convenient.
The bus station is situated on the second floor of the waiting hall. You can use your passport to purchase a ticket(CNY 180, around $27). After a journey of about 4.5 hours, you will arrive at Yiwu wholesale market bus station (near District 5), which is called Yiwu International Business & Trade City Passenger Transport Center.
Sometimes you can also find private cars waiting at the bus station to take passengers to Yiwu. Alternatively, you can also ask your agent to arrange a car for you as all agents have such pick-up services. A 7-seat business van from Shanghai Pudong Airport to your hotel in Yiwu (one way) will roughly cost you CNY 800/car ($123).
If you want car-pooling, you can share with someone who is also going to Yiwu at the airport, then you can discuss how you share the total fee with them. This private car cannot be found every time, but you may encounter them by fortune. It’s quite fast and convenient, but don’t forget to bargain with the driver.
If you prefer to take the train to Yiwu, you need to take subway Line 2 to Hongqiao railway station first, then buy a high-speed train ticket to Yiwu. The train leaves Shanghai every 5-10 minutes from 6:00 to 20:00 every day, and it only takes 1.5 hours to arrive. The ticket price also has three classes: business class – CNY 456 ($66), first class – CNY 256 ($37), and second class – CNY 159 ($23).
There are two ways to get from Chengdu to Yiwu. These are as follows:
Every day, a flight scheduled at 17:05 is in service from Chengdu Tianfu International Airport to Yiwu taking around 2 hours and 30 minutes. The airfare is around CNY 1023 ($148).
Presently, 1 Chengdu to Yiwu train is in service. It departs from Chengdu East Railway Station to Yiwu Railway Station and takes a duration of 11.5 hours. The distance between the two cities is 1,374 miles and the ticket price for a business class is CNY 2994 ($433) and for a first class is CNY 1611 ($233).
To go from Guangzhou to Yiwu, you have two options:
If you have taken an international flight to Guangzhou Baiyun International Airport, then you can take another flight to Yiwu so that you can avoid the hassle of urban transportation. It takes two hours to fly to Yiwu.
If you want to stay in Guangzhou for some time, then take the train to Yiwu, you need to take subway Line 2 to arrive at Guangzhou Nan Railway Station first, then take a high-speed train to get to Yiwu. The ticket price has three classes: business class – CNY 2309 ($334), first class – CNY 1217 ($176), and second class – CNY 747 ($108).
Since Hangzhou is the capital of Zhejiang province, it is just 100km away from Yiwu. There are three ways to get from Hangzhou to Yiwu. These are:
If your international flight is arriving at Hangzhou Xiaoshan Airport, then you can take the bus to Yiwu. It’s very convenient as the bus station is at the No.14 gate of the airport terminal, and it takes 2 hours to arrive at the bus station located in District 5 of Yiwu wholesale market. The bus will depart from the airport every 40 minutes in the daytime, but in the evening, the interval of each bus becomes 50 minutes till 23:00. The price is CNY 62 ($9).
There are also some private cars to Yiwu waiting for passengers at the airport (the same as I mentioned above in Shanghai Airport). The price is CNY 350/car ($54). All the agents could have this arranged. Car-pooling is the same way I mentioned above. Of course, that bargain is necessary.
Another way is taking the high-speed train to Yiwu, but you need to take subway Line 1 to arrive at Hangzhou Dong Railway Station first. Note that this railway station is for high-speed trains, different from Hangzhou Railway Station. Trains to Yiwu start off every 5-10 minutes from 7:00 to 22:30 every day. Three different prices: business class – CNY 221 ($32), first class – CNY 131 ($19), and second class – CNY 83 ($12).
Here are some cities near Yiwu that are accessible by high-speed train.
Location | Distance (km) | Departure | Duration |
Shaoxing | 122 | Shaoxing Bei | 1H17M |
Hangzhou | 138 | Hangzhou Dong | 0H35M |
Ningbo | 190 | Ningbo Dong | 1H49M |
Jiaxing | 194 | Jiaxing Nan | 1H16M |
Wenzhou | 212 | Wenzhou Nan | 1H50M |
Huzhou | 218 | Huzhou | 1H20M |
There are two ways to get from Yiwu Airport to Yiwu International Trade City, one is by bus and the other is by taxi.
The most affordable way to get from Yiwu Airport (YIW) to Yiwu International Trade City is to take bus line 102, which costs $2 and takes 46 minutes. The bus starts off every 15-25 minutes from 6:30 to 17:30 every day.
The road distance between Yiwu Airport (YIW) and Yiwu International Trade City is 10.8 km. The fastest way to get from Yiwu Airport (YIW) to Yiwu International Trade City is to take a taxi which costs $35 – $45 and takes 10 min.
Yiwu Railway Station is about 7 miles from the famous Yiwu International Trade City (Futian Market). You can choose to go to Yiwu market by bus or taxi.
Take bus line 801 at the Railway Station and get off at Phase One of International Trade City.
This journey takes about 30 minutes and costs about 50 yuan.
As an important platform for small, medium, and micro enterprises across the country to do international business, Yiwu International Trade City is one of the most concentrated wholesaling bases for global merchants. Every year, more than 560,000 international businessmen come to Yiwu to purchase merchandise. Due to the continued slowdown of the recovery of the global economy and the impact of the pandemic, Yiwu has been confronted with significant challenges, which makes it more and more urgent to attract more international businessmen to return to Yiwu for purchasing. The business charter flight is one of the innovative steps.
A charter flight carrying 107 Indian businessmen arrived in Hangzhou, East China’s Zhejiang Province, on August 9, 2022, marking the second charter flight for international buyers organized by Zhejiang in 2022, and the first business charter flight from India to China. India is Yiwu’s second-largest export destination. The arrival of this charter flight marked the re-opening of the door for Indian merchants to return to Yiwu for procurement.
There are many hotels near the Yiwu market and the receptionists of star-rated hotels in Yiwu can speak English, so foreign guests can make reservations with confidence. The following are the most popular hotels and restaurants near Yiwu Market:
Located opposite the Yiwu International Trade Market, Yiwu Marriott Hotel has 281 deluxe and spacious guest rooms with stunning views of the CBD and Yiwu Wetland Park. Considered one of the best hotels in Yiwu, the hotel offers a total of 1,950 square meters of meeting space. 7 deluxe function rooms on the 4th floor are ready for your different desires.
It only takes a 10-minute walk from the International Trade City, and 20 minutes to drive from Yiwu Airport and Yiwu Railway Station.
Price range per room/night: $77-$200
Address: 188 Futian Road, 322000 Yiwu, China
Tel: +86 0579 8155 8888
Best Western Premier Ocean Hotel is a business hotel built in 2004 with 17 floors and 285 guest rooms total. The hotel is located in the center of the International Trade City, connected to the market. It takes about 15 minutes to walk to the market in District 1, 2, and 3, about 3 minutes to drive to the market in District 4 and 5, and about 5 minutes to drive to the International Expo Center. The hotel is adjacent to the bustling CBD, with a bird’s-eye view of the wetland park. There is a special civil aviation line at the entrance to reach Yiwu Airport in about 30 minutes.
Price range per room/night: $50-$142
Address: 99 Futian Road, 322000 Yiwu, China
Tel: +86 0579 8518 8888
Sultan Restaurant is the most popular Turkish restaurant in Yiwu. It serves cuisine, especially for the Mediterranean, Turkish, and Middle Eastern with special diets for vegetarians and Halal. It is a must-go restaurant in Yiwu.
Address: 475-477 Chouzhou North Road, Yiwu, Zhejiang China
Tel: +86 0579 8554 7474
As one of the best Indian restaurants in Yiwu, Vatan Restaurant serves brunch, alcohol, full bar, free wifi, etc. And friendly to vegetarians and vegans. If you are into Indian food, then you shall try this restaurant.
Address: The Chengbei Road, No 368, Yiwu, Zhejiang China
Tel: +86 0579 8559 1551
The above is all the content of the best ways to go to Yiwu Market, including various tour routes, transportation, and accommodation. Hope this guide is helpful for your trip to Yiwu market.
If you still have questions about how to get to Yiwu, please leave a message in the comment section below or contact us.
Wish you a pleasant journey to Yiwu Market!
The post What’s the Best Way to Go to Yiwu Market appeared first on Yiwu Market Guide, Yiwu Agent, Yiwu China.
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]]>With the adjustment of Covid-19 restrictions in China, many foreign traders are coming to the Yiwu Market for product sourcing.
If you are one of them, you need to consider whether you should hire an interpreter during your visit to Yiwu.
In Yiwu, some suppliers speak limited English while most suppliers can’t, let alone French, Spanish, Russian, or other languages. To communicate with your suppliers smoothly, hiring an interpreter can be the way to go.
In this article, we will give you an ultimate guide on how to find an interpreter for your Yiwu journey.
Let’s dive in.
Hiring an interpreter comes with pros and cons. Being clear about them can help you make an informed decision.
Pros
Cons
Multiple factors can affect whether you should hire an interpreter. Some of them are listed as follows.
Language proficiency
Is this interpreter good at listening, reading, writing, and speaking your language? Can he or she translate smoothly in your test and understand the culture in your country?
If you say yes to the questions above, this interpreter is largely qualified in language proficiency.
Expertise in your field
Supposing you are selling toys in your store and intend to source toys in Yiwu, then the interpreter should know this industry in China and have interpreting experience in this field.
Cost
The cost of interpreting services varies among interpreters. An experienced interpreter tends to charge more than an ordinary one. And the latter usually charges $30 a day in Yiwu.
Availability
Interpreters are often busy with their schedules. They may be not available during your whole stay. So check their schedule carefully before you reach an agreement. You can also choose to use an interpreting service for as many hours as you need.
Reviews from others
Reviews for an interpreter from other individuals and businesses are a good source for reference. But be cautious with those fake reviews. Scroll on as many reviews as you can on the website and consult your contacts or business partners about the service if possible.
Since you have known the pros and cons and what to consider to hire an interpreter, it is time to find one that suits your needs.
Here are some methods you can adopt.
Search with keywords on a search engine is a simple way to find an interpreter. For example, you can search “interpreters in Yiwu” or “interpreting services in Yiwu ” on Google. Then choose a website on the SERP(excluding sponsored ads). And scroll on interpreters listed on the site, check their profile, and contact them to check if there is the one you are looking for.
Located in Yiwu, Link Yiwu is a professional agent service provider with more than 12 years of experience in the trade field. We not only provide customers with sourcing, quality inspection, and logistic services but also interpreting services.
Interpreters from Link Yiwu are verified through a strict process and they are trustworthy. They can help you communicate with Chinese sellers seamlessly. Meanwhile, they can offer you valuable advice for sourcing products and your visit routines.
Someone you know might have ever worked with or know of a Chinese interpreter. Ask them for the contact information and other details about the interpreter’s qualifications and services.
If they are in a good relationship with the interpreter, you may get discounts on the service fee.
Some business associations in Yiwu like the Yiwu Global Chambers of Commerce and Associations and the Yiwu Municipal Bureau of Commerce may provide interpreting services.
These associations have established relationships with local suppliers, manufacturers, and distributors. They can provide valuable insights into market trends and industry-specific information. Therefore, finding an interpreter from them to navigate the local market would be a good choice.
Interpretation agencies have access to professional interpreters who specialize in various industries. This means that they can accommodate your interpreting needs, regardless of the specific niche you operate in.
Fortunately, locating an interpretation agency in Yiwu is an easy task. Once you have found an agency, you can use the factors that we have mentioned to select an interpreter who meets your specific requirements.
Hiring an interpreter is important if you can’t speak Chinese during your visit to Yiwu. But it is not always necessary.
Here are some alternatives to finding an interpreter with you.
There are tons of interpreting apps available to you for free or at a cost, such as Google Translate, iTranslate Voice, and SayHi Translate. Download one that is affordable and easy to operate. When you talk with a Chinese seller, this app will interpret for you.
If you have business partners in China, you can invite them to translate for you when you visit local markets. Compared to an interpreter, they are more reliable. Working with them is also beneficial to your business relationship.
The phrase refers to an employee in your company who can speak both your language and Chinese. Starting a journey with a bilingual colleague is pleasant and cost-effective as opposed to a translator.
Hiring an interpreter is important if you can’t speak Chinese in Yiwu, China.
An interpreter is helpful to bridge the language gap between you and your supplier. Meanwhile, he or she can also give you valuable advice for sourcing products and guide you on local tours.
But it is not cheap to pay for interpreting services if you are on a tight budget. Then choosing alternatives to an interpreter may be more suitable for you.
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]]>The post Many Foreign Retailers Are Coming to Yiwu appeared first on Yiwu Market Guide, Yiwu Agent, Yiwu China.
]]>“We have been busy these days because many foreign merchants come here to purchase products.”
The Yiwu International Trade City was not crowded as it had been on Jan.7th because of the upcoming Chinese Lunar New Year. But the business here has never stopped. For example, Fu Miaoling, a seller from the District 4 of the Yiwu Market, had nearly no spare time this morning when there were continuous inquiries, orders, and calls for appointments of checking a sample from customers.
On Jan.8th, the first day after the immigration policy was improved, the number of flights reached what it had been before the covid-19, according to the Yiwu Airport. Not a long time ago, the enforcement of the “10 New Measures” shortens the quarantine time for international travelers. Therefore, a lot of foreign merchants were back to Yiwu one after another.
On Dec.30th,2022, a press conference on 10 measures to optimize the international business environment for foreign-related services was held on Yiwu. According to the conference, the number of resident foreigners in Yiwu was restored to 10,000. And this number is still rising. These foreign merchants have come back to resume their business in the globally renowned small commodity city.
Are there so many foreign merchants in the Yiwu Market now? How many of them are newcomers? What are they busy with? Keeping these questions in mind, I came to Yiwu for a visit.
“The day before yesterday, an old friend from Yemen visited my store. We hadn’t seen each other for many years, so we were surprised and delighted.” Fu Miaoling said.
On Jan.7th, I could see sourcing foreign merchants now and then when I walked inside the Yiwu International Trade Market. Fu Miaoling told me that foreign retailers have been coming back to this market gradually with traveling to China more convenient. It is hard for them to come here before due to the pandemic.
“ I came back earlier this month. Yiwu is my second hometown. I missed it so much these years when I was away from it.” Nila said. Nila holds citizenship in both Germany and Italy. She has been doing business in Yiwu before and even established her own foreign trade company. The favorable business environment and variety of products provided her with many chances, so she could scale her business.
“Recently, I have met several friends not seen for many years here in Yiwu. They came back to resume their business. But I didn’t see many new faces.” Nila told me.
Because of the upcoming Chinese New Year, sellers in the market and workers in the factory have already returned home one after another. Thus, many foreign merchants, who have never been to Yiwu, plan to visit the Yiwu Market after the Spring Festival.
And there will be a great number of foreign merchants back in this market in February because epidemic prevention and control measures have been optimized. The foreign retailer Carson who lives in Jimingshan Community, Jiangdong Street, Yiwu City, told me that everything has become more convenient now. His friends have booked flights to Yiwu after the Lunar New Year.
To reports, since August 2022, the Yiwu Municipal Bureau of Commerce, Foreign Affairs Office, and other departments have arranged 4 business charter flights to take back 564 foreign buyers in total, driving orders of $261 million.
Xu Manlan has a deep understanding of the increase in the number of foreign merchants in Yiwu. She and her foreign husband opened a Nepal restaurant in Yiwu, which is very popular among local foreign businessmen.
“Recently, it’s obvious that more foreign merchants are coming back, and many old friends not seen for a few years came to the restaurant for dinner.” With the booming business, Xu Manlan was very happy when she talked with me. “After the adjustment of epidemic prevention and control measures, especially lately, there are more foreign businessmen, and the business is almost prosperous as it was before the pandemic.”
Xu Manlan told me that during the New Year’s Day holiday, many foreigners were celebrating the New Year in her store, taking all the seats, and they stay open until 3:00 in the morning. In 2022, she moved the restaurant that has been open for 11 years to the main road, and it was scaled to 2 times as it had been. She is confident in the development of her business in the future.
According to data from Yiwu’s immigration department, the number of resident foreign merchants in Yiwu increased by nearly 20% in 2022, more than 10,000 for the first time in the past three years. And more than 150 foreign merchants on average come to Yiwu every day since last November.
“My company and home are in Yiwu, and I must come back.” Rocky, who has been doing business in Yiwu from India for 19 years, speaks fluent Chinese, and already regards Yiwu as his second hometown. He said he is engaged in import and export trade and sells toys and clothing for children made in China to India, South America, and other places. These products are very popular with local people.
“In the past few years when I am not here, the business is far worse than before. Many customers can’t see what products look like, and they hesitate to place an order. There were ever more than 100 containers for goods per year, but only about 30 in the past two years. The pandemic has a great effect on the business.” Rocky said.
After returning to India at the end of 2020, Rocky’s biggest concern was when he could come back to Yiwu. In August 2022, he took his whole family back to Yiwu on the first business charter flight from India to China. And his concern was addressed.
“After I came back, I am busy sourcing products for my customers in the market every day, and the business has been better and better.” Rocky said, “My customer asked me if I was in China and he needed to make purchases from me. In the four months since we came back, we have sent out more containers than the year before we didn’t come back.”
What the foreign merchants back to Yiwu share is that they visit the Yiwu Market once arriving in Yiwu.
Telly has also been busy recently. He is from Argentina and has been doing business in Yiwu for 5 years, and what he sells is expanded from red wine to products in other categories. During the period I visited Yiwu, Telly was busy loading containers at Yiwu Port, and nearly had no time for interviews. The machine was roaring, and Telly couldn’t stop smiling as he watched the containers ready to be shipped.
Face-to-face communication has contributed to an increase in orders. Fu Miaoling just received an order worth 120,000 yuan from a customer in the Middle East. “I sell bamboo products, such as bamboo tableware, mats, toys, and decorations. Customers can see the products in my store, and then they are more willing to place an order. For instance, this customer made a purchase soon after he came to my store.” Fu Miaoling said.
“Foreign customers have become more active and placed more orders. This is a signal of the recovery of their confidence .” Fu Miaoling told me that she and her business partners are also actively developing new products to adapt to the rapidly changing and scaling needs and markets.
The return of foreign businessmen has also boosted the local manufacturing industry. After communicating with several merchants in Yiwu International Trade City, I learned that although the factories have been on holiday one after another, they are prepared for many orders to be shipped after the Spring Festival. Fu Miaoling’s processing factory is located in Dachen Town, Yiwu City. She expects the factory will be even busier after the festival.
“Due to continuous demand from foreign merchants, there is an obvious increase in the order quantity. Therefore, my factory has planned to resume manufacturing early after the Spring Festival. And the workers will return gradually after Jan.29th. If there were not enough manpower by then, we will recruit some new staff.” A supplier told me.
It is reported that Yiwu has been trading with 232 countries and regions in the world, and its market is more than 65% export-oriented. Before the pandemic, the number of foreign merchants entering and exiting Yiwu was more than 500,000 per year. The staff of Yiwu’s entry-exit department told me that Yemen, India, Iraq, Pakistan, and South Korea rank among the top five in terms of the number of foreign businessmen in Yiwu.
With the joint efforts of sellers, the total import and export volume in Yiwu before December 2022 reached 442.22 billion yuan, an increase of more than 24% year on year. In 2020 and 2021, this number was 312.95 billion yuan and 390.31 billion yuan respectively. This means that in 2022, the total import and export volume in Yiwu exceeded 400 billion yuan, reaching a new level.
“I did business in other countries and some cities in China before. In comparison, the business environment in Yiwu is more favorable. The government is service-oriented and the diversity of commodities from Yiwu is not accessible in other cities.” Carson told me.
“I am a middleman, and I help customers find what they need in the market. The products vary when there are a lot of customers. In other cities, I may have to purchase all I need in many marketplaces, which is time-consuming and exhausting. But in Yiwu, it’s so convenient to handle everything in the Yiwu Market,” Carson said.
I also noticed that the Yiwu government has implemented many policies to facilitate economic recovery. For example, “10 Measures to Improve the International Business Environment and Foreign-related Services in Yiwu” was implemented early in the New Year in 2023. It aims to attract foreign merchants in ten aspects including work and residence convenience, foreign production and management, foreign-related legal services, international integration communities, and so on.
In The Opening Economy Development Support Policy issued by Yiwu in 2022, some policies such as supporting enterprises to export for development and encouraging foreign merchants to invest in Yiwu are detailed and practical. For example, various projects set up with foreign capital and annual rewards according to the registered capital have brought tangible benefits to foreign businessmen in Yiwu.
Furthermore, to attract more foreign merchants to source in Yiwu and boost sellers’ confidence, Yiwu Mall Group released the “Regulations for the Application of Incentives for Foreign Buyers” in August 2022 to entice foreign buyers to return. According to the rules, as long as foreign merchants over 18 years old hold a business friend card, and have a record of entering the market for three days or more since the activity starts, they can apply for rewards. Many foreign merchants have already received rewards. The buyer A Zabidi from Yemen successfully received a room voucher worth 2,888 yuan from Huayue Hotel in Yindu after submitting his application.
Jimingshan Community, also known as the “United Nations Community”, has a permanent population of 29,000, including more than 1,300 foreigners from more than 70 countries and regions. He Wenjun, secretary of this community’s party committee, told me that with the cooperation of various departments, foreign residents can do more things in the community. The foreigner service center in the community supports visa applications for foreigners and provides foreign-related legal advice. On the Jimingshan Future Community Smart Service Platform, 56 daily affairs, including the application for e-business friend cards for foreigners, can be handled on the Internet. This is convenient and fast.
“Yiwu is an open and inclusive international business city, and creating a leading international business environment has always been our goal for a long time. Our Foreign Affairs Office has been improving foreign-related services and creating a seamless communication channel for foreign merchants from other countries.” Zhu Gaomin, deputy director of Yiwu Foreign Affairs Office, told me.
In this aspect, the businessman Rocky from India has a deep feeling. “The Yiwu government has created various WeChat groups for us. If you have any questions, just tell their staff in the group, and they will contact you soon.” Rocky said. “ For example, many foreign merchants were not familiar with the related policies, so they had expired visas and even got involved in trade disputes. Then the government assisted them in solving these problems quickly.
In Nila’s opinion, the online and offline trade channels for all merchants established by the Yiwu government are convenient and effective, worthy of praise. For example, 24-hour electronic customs clearance and transit in the customs; anytime, anywhere with a mobile phone, you can log in to the online international trade city, “Chinagoods” and “Yiwugou” to source and purchase products; The China Railway Express can reach Europe in about 18 days. All of these are helpful to Nila’s business.
“With the adjustment of epidemic prevention and control measures and the changes in the pandemic, it is inevitable that foreign merchants return to Yiwu. Also, it is a clear signal that China’s economy is gradually restoring to a normal level!” Zeng Gang, dean of the Urban Development Research Institute of East China Normal University, told me that there is no fundamental change in China’s position as the “world factory”. And Yiwu is still one of the bridges in the trade between China and other countries. Therefore, revitalizing foreign trade in the Yiwu market as soon as possible is a crucial task at present.
In Zeng Gang’s view, Yiwu’s charm lies in the Yiwu model. The model is characterized by a combination of the store and factory, highly integrated production, supply and marketing, and the business culture of honesty, hard work and high efficiency. Although there is still uncertainty in 2023, the already-built sound business environment in Yiwu will bring bright future for all SMEs and sellers all over the world.
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]]>The Chinese Lunar New Year, also known as the Spring Festival, is coming soon. It officially falls from Jan.21st to Jan.27th. During this festival, sellers in the Yiwu Market will be on holiday. If you are planning to source from them, take a look at the scheduled opening and close time of this market.
You are welcome to visit the Yiwu Market! If you need any help to source products, please get in touch with us.
Happy Chinese New Year!
And wish all of you good sales during the festival!
The post Worktime of Yiwu Market During The Chinese New Year 2023 appeared first on Yiwu Market Guide, Yiwu Agent, Yiwu China.
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