Yiwu China Commodity City opened, shipping costs soared, but insisted on not raising prices
April 16th, 2022

Yesterday, Yiwu China Commodity City, as the wind vane of global commodity trade, ushered in the opening of the first day of the year of the tiger. In addition to the resident foreign businessmen in Yiwu, many purchasers in surrounding provinces and cities rushed to the scene early in order to replenish goods as soon as possible.

At 8:30 a.m., there was still half an hour to leave the city. The dragon dance team and the sound of gongs and drums at the gate of the first district of Yiwu International Trade City filled the scene with a happy atmosphere. Many Chinese and foreign businessmen waiting to enter the site took out cameras to take photos.

“As soon as the market opened in recent years, I came to have a look, hoping to find some new products.” Wang Xiaoyu, a girl from Lishui, said that she works as a local e-commerce and mainly sells trinkets. Yiwu is her most important source of goods. The products here are updated very quickly and can always find desirable new products.

Vinod from Jordan is going to buy more than 1 million yuan of sporting goods back home. Last year, his turnover exceeded more than 3 million yuan. This year is the sports year. In addition to the ongoing Winter Olympics, the Asian Games will also be held. He believes that the sporting goods industry will usher in an outbreak, so he should prepare goods in advance.

At 9 a.m., the international trade city officially opened to receive customers. The reporter noticed that the personnel entered the site quickly and orderly. In addition to the real-time monitoring of multiple thermal thermometers, an intelligent gate was also installed. Buyers and operators can enter the site by swiping the code with the “yixingou” QR code filled in in advance.

Entering the market, many merchants are busy pasting Spring Festival couplets such as “extensive financial resources” and “auspicious opening of the market” on the door of the store, while more merchants are busy sorting out shelves and updating products.

The reporter visited more than a dozen plush toy stores and the answer was No. everyone said that they could not sell without authorization. It is understood that Bing dwen dwen fire since the Yiwu departments have conducted a thorough investigation of the city, once found that violations will be severely punished.

Jewelry operators: live broadcast e-commerce procurement competition is more intense

Jin Xiao is the manager of the “beautiful family” jewelry store on the second floor of the market. He received four or five orders within an hour of opening the door. Although the total price is not large, he welcomed a good start with a smile. When the reporter entered the store, several young anchors were asking the clerk about the price.

Jinxiao’s store is mainly engaged in medium and high-end earrings. Originally, it was mainly engaged in foreign trade. After the epidemic, the proportion of domestic trade gradually increased to 70%. Now the orders are basically the same as before, with an average monthly sales of about 800000 yuan.

“In the past, it was mainly offline physical store buyers, but now it is more online store and live e-commerce purchases, and the competition is more intense.” Jin Xiao said that in order to adapt to this change in the market, he plans to put new products on the shelves every day this year, which is expected to reach thousands of models a year, while a batch was updated only a week earlier.

In addition, Brazil is their main export destination. Jin Xiao believes that with the gradual stabilization of the epidemic abroad, foreign trade orders will gradually increase.

Plush toy operators:

Shipping costs soared, but insisted on not raising prices

Zhuang Aiping from Wenling has been engaged in the plush toy business in the international trade city for 25 years. All products are exported. Customers mainly come from Europe and the United States. These days when the market is closed, she specially renovated the store once, hoping for a new atmosphere in the new year.

Zhuang Aiping has more than 200 kinds of plush toys in her shop, among which dogs and bears are the most popular. She also received several orders during the Spring Festival.

“Last year’s sales increased by 30% compared with the previous year. I believe this year will be better than last year.” Zhuang Aiping said that last year, she still had a lot of orders, which were temporarily overstocked in the warehouse because she couldn’t book containers, and would give priority to sending these goods after construction.

As in previous years, on the first day of opening the market, a customer paid for Zhuang Aiping’s account and wished her good luck in opening the door.

Over the years, Zhuang Aiping has become friends with many customers, and many foreign friends have learned about Chinese customs. They will make a deposit on the first day of opening, hoping that she can get a lucky start.

Zhuang Aiping said that in the past few years after the outbreak of the epidemic, although the wages of workers, the prices of raw materials and shipping were rising, especially the soaring shipping costs, she did not raise the price and still delivered goods to customers at the price three years ago.

“I can’t make enough money. I compress the profit space to tide over the difficulties with customers. When everything passes, it will become better.” Zhuang Aiping said.

Cameroonian students: hope to stay in China to do business after graduation

Walking in the market, foreign businessmen can be seen everywhere. In Jingrong toys, the main channel of C1 in zone 1, the shopkeeper Lu Qingrong entered the store before he could paste Spring Festival couplets.

He is a Nepalese and has been in Yiwu for more than 20 years. He is a resident foreign businessman. His foreign trade company not only purchases toys, jewelry, hardware and other goods for Nepal, but also for merchants in Europe and America. He exports more than 200 containers every year.

Must Nu said that he had been in Yiwu for two years. During the Spring Festival, customers came to ask when the market would open and want to replenish. He came as soon as the market opened. He came to Lu Qingrong’s store at the first stop. They have cooperated for 10 years. He asked Lu Qingrong to recommend some new products and go to other merchants if customers choose.

On the third floor of the first district market, the reporter met four African students, all from Cameroon and studying in a university in Zhejiang. They were very interested in the transfer machine of a shop (which can print patterns on cups and clothes), and asked the clerk Wu Dandan about the working principle in Chinese.

One of the young men named “what” said that he had been in China for six years and had never gone back. This year he was about to graduate and hoped to stay in China to do business. “After coming to China, I came to Yiwu to buy goods, mainly selling bags and clothes, with a turnover of 200000 yuan a year.”

100000 people watch the live broadcast online

The number of people in the market exceeds 200000

Because of the epidemic, many foreign businessmen can’t come to Yiwu to purchase. Many transactions are transferred from offline to online. Many operators carry out live broadcasting and goods through the chinabooks platform. When merchants see their favorite products, they can place orders online directly.

It is understood that in the past year, more than 70% of the merchants in Yiwu market have had online trade, and the chinabooks platform has launched national stations in English, Arabic and Spanish, cultivated more than 10000 active merchants, and achieved a transaction volume of more than 16 billion yuan.

In order to get more people involved, Yiwu City

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