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Yiwu, still favorite of foreign investors!
Jul '08
According to the statistics, in the first 5 months of this year, the export value of Yiwu City was US $680 million, representing a year-on-year drop of 14 percent of the growth-rate.

Many local export enterprises have been facing grave problems and high trade pressures, especially, textile and clothing companies.

Sources say that the Yiwu traders are extremely concerned because the orders registered in the first-half of this year are equal to just 70 percent of that received in the corresponding period of 2007.

However, during the period, number of foreign-funded enterprises in Yiwu went up significantly.

In the first-half of 2008, 46 new foreign-funded enterprises entered Yiwu, bringing the total to 596. Besides, 279 foreign-funded enterprise offices were added to makeup a total of 1775 offices.

Total number of enterprises from Hong Kong and Macao reached 85, with 8 new entries. Obviously, it shows that Yiwu City is still the first choice of foreign investors in China.

Fibre2fashion News Desk - China

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