2 Indian traders in Yiwu: Kidnapped, assaulted & now abandoned?-

Kidnapped, assaulted & now abandoned?

29 Mar 2012, 0848 hrs IST

Indian trader Deepak Raheja was freed from the illegal custody of the Chinese just three months ago but now Raheja and his colleague Shyamsundar Agarwal again in deep trouble with no money and Indian embassy stopping financial help they are fending for themselves on the streets of Shanghai. Deepak Raheja, Indian trader, said, “We are sleeping on the footpaths of China. Indian Government is saying that we do not have funds. We cannot leave the country because of the own going case.”

Raheja and Shyamsundar were held hostage in the Chinese trade hub of Yiwu in December after their owner fled leaving behind massive dues. Shyamsundar Agarwal, Indian trader, said, “The consulate in our embassy keeps on saying that they will do something and that we should wait for a day. But we are in very poor condition, neither do we have anything to eat nor do we have any shelter.” The Indian Government is promising action. The fate of these Indian traders now hangs in balance but with the Chinese President Hu Jintao scheduled to arrive in New Delhi today for the BRICS Summit some hope for their return.

via Kidnapped, assaulted & now abandoned?- TIMESNOW.tv – Latest Breaking News, Big News Stories, News Videos.

Yiwu Luxury Products Demand Soars


 No luxury, not Yiwu. Wearing flip-flops “ragamuffins, threw more than 30 million to buy a watch – similar to the wonderful story, not uncommon in Yiwu luxury consumption.Boutiques, street such as bamboo shoots emerge, but also seems to indicate that, although the financial crisis, debt crisis in Europe, Yiwu has been increasing demand for luxury goods.

  Compared with its predecessors, Yiwu consumer of luxury active on the rise, consumer demand for luxury goods gradually from the first “identity” to the diversification of evolution.“Cake” more and more, and often went to Shanghai, Hangzhou, Hong Kong and other places to buy watch, the public address him by name of the package, I hope there are more luxury brands to Yiwu to shop.

  [Consumer story:

  Wear flip-flops ragamuffins ho throw 300,000 to buy only watch

  The Intime justice uy shop, brings together leading international luxury brand stores. Into the mall main entrance of the left hand side can be seen Cartier watches and jewelry manufacturer, the French set up a special retail stores in Yiwu. Store decoration is simple and elegant, the staff said, opening the past three years, a lot of interesting consumer story.

  One afternoon, a middle-aged male customer came to the store to buy watches. At that time, early summer, the temperature is not low, the upper body of the male clients only an ordinary cotton T-shirt, feet, wear a pair of flip-flops, the hands of even the nails did not repair the image of a little “dirty”. However, during part of the “dirty” in the store by the polite reception staff to arrange his seat, handed him the tea, half an hour’s time, the Cartier brand and watches . Male clients to relax and salesman chatted about the various international famous brand watches, he also mentioned that the most fancy watches, watch movements.

  Before leaving, the male customers to store watches, but did not not have to buy. A week later, the store routinely return visit to customers, and politely invited him to patronize again. A few days later, the male customer really the second door and bought more than 30 million in a private collection Cartier Diamond watch, but in a very short period of time.

  First chat, we found that customers watch very good at, I did not realize he ‘start’ so fast. “Cartier Yiwu person in charge of Tao Lina said the customer back to the store to buy the one hand, thanks to the professional services the other hand, is that customers really buy luxury goods.

  Market situation:

  Turnover of the explosive growth of new store openings monthly by 50%

  In Yiwu, be regarded as a luxury brand is not much, but luxury brands are mostly stationed in Yiwu, a rapid development. In addition to Cartier (Cartier), Omega (Omega), LANCOME (Lancome) and other international brands of third-tier cities with strong spending power Yiwu show interest.

  In January of this year, French skincare brand Lancome counters set up in Yiwu.Lancome China branch had done before the survey found that Shanghai, Hangzhou and other places Lancome, from Yiwu, VIP customers accounted for a certain percentage. After careful consideration, the company decided to set up special counters to seize the high-end cosmetics consumer market in Yiwu in Yiwu. Although newcomers to the shop the Intime justice uy America Lancome person in charge of Wang Zhen, Lancome in Yiwu but there are a lot of loyal customers, this performance reflects. The original has been nearly two months, the monthly turnover of the counter than a month an increase of nearly 50%. “This result is in the new stores opened in the country over the same period, ranking is also very front.” Zhen said.

  Opened in the past three years, Cartier gave out a good results. Previously did not do any publicity activities under the premise, Yiwu new store just opened in only an afternoon, the turnover reached 50 million, more people coming forthright customers a one-time purchase of three jewelry table. 2010 to 2011, the counter sales over the previous statistical year more than 50% performance growth rate higher than the Cartier counter an average growth rate of nearly 20 percentage points. At present, the annual sales of the counter has exceeded 10 million yuan.

  Reporters learned that China Brand Strategy Association, previously used for statistical, China now has 175 million consumers have the ability to buy various brands of luxury goods, accounting for 13% of the total population. Of which about 10 million to 13 million people are active buyers of luxury goods, the products they buy are mainly concentrated in watches, handbags, cosmetics, fashion and jewelry and other personal items. The history of developed countries show that the per capita income of about $ 1,500, luxury consumption started, when the per capita income of $ 2500, luxury consumption will rise sharply.

  The statistics department data shows that in 2011, Yiwu urban residents per capita disposable income of 40,078 yuan, according to the present exchange rate of about $ 6,362.Visible, the Yiwu luxury consumer demand is in an eruption.

  Customer changes:

  To buy luxury goods not only to face emotional communication has become a new demand

  Tao Lina is one of the main person in charge of the Cartier silver Tay, America, Asia, Yiwu shop, special retail stores was first established in 2009, she was working in the store.About Yiwu luxury awareness and consumer mentality changes, she had some of his own feelings.

  Just opened, we have been to explain to the customer Cartier brand much better now, according to the needs of customers directly for them to recommend various products. “She said, after nearly three years of business, Yiwu Consumer brand awareness is high, many customers came and ran the brand. This change, thanks to Yiwu on luxury understanding of the initiative.

  Intime Department Store righteousness Yimei shop one staff member said, Yiwu people to buy luxury goods, has not only to reveal the identity, more consumers are willing to emotions into one.

  Some time ago, a 35-year-old young man came to the mall, spent 78 million yuan to buy a pair of Cartier round watch, one to wear, one to send his wife to commemorate the couple married for 10 anniversary. Tao Lina said, like the emotional “luxury” consumption has been more and more. For example, engagement occasions, to buy tokens of gifts; parents’ birthdays, children gifts; some good sisters, will go hand in hand to buy.

  Insiders summarizes the change of people the luxury, the early 1990s, most people still do not know why the objects of luxury brands. The first batch of people to go abroad to know luxury, luxury goods to demonstrate their quality of life gradually became the pursuit of the goal of many people. But the initial consumption follow the trend of the majority, at this stage like LOGO is very obvious luxury.

  Yiwu local consumers, with the understanding of the cultural and historical background of the luxury brand, more and more people to diversify and are concerned about the limited edition products, and then by the scarcity of luxury to express love, affection the value of friendship.

  Potential business opportunities:

  The luxury brand outlets less open boutiques, merchants increased

  While luxury goods purchasing power is strong, unfortunately, not many international big-name outlets in Yiwu, a lot of people had to go to Hangzhou, Shanghai, Hong Kong and foreign cities to buy. “I Dayi Zai prefer GUCCI bag Yiwu choices, she will often go chasing new and sometimes asked a friend to purchasing.” Mr Chu said members of the public.

  However, the asymmetry of the relationship between supply and demand of luxury goods allows part of the Yiwu businessmen smell business opportunities, they began to invest opened boutiques in the city’s bustling section.

  Mr. Chang started out by doing the export business of foreign trade has been a few days stay in Italy, he would like to find a well-known in the local clothing brand, and then introduced into the Yiwu market.

  The “the Yiwu luxury market potential has yet to be excavated.” Mr. Zhang is planning to invest 15 million to manage the luxury clothing business.

  Yesterday afternoon, the reporter came to Yiwu, a new road, more a sign of several boutiques, printed on the shop front glazing, GUC-CI “,” VERSACE “” GIVENCHY “and other big international line, quite inhalation attention.

  Operating a “GUCCI”, Dior and other luxury brand boutiques, the staff said, the channel is limited, the products of the store and not through direct sales channels procurement can only be authorized licensing company, so the product is relatively simple, cargo speed can not be compared with the outlets. However, due to the downtown area is located in the “Intime district”, where there are still many customers home.

  ”The demand for luxury goods in Yiwu, if there is a slightly better way, and sales platform from which to dig the pot of gold is not difficult.” Insiders said the rapid increase in Yiwu demand for luxury goods and international brands too busy to worry about county-level cities Yiwu, boutiques rely on taking the “edge ball” line, or some room for development.

Yiwu Purchasing service extends to Retail section

.“In the past, is to help domestic consumers to overseas purchasing now is to help foreigners to purchasing retail goods in the domestic shop is ‘external network on behalf of’ the business in the future may be a good transition.” Yesterday, against the company just start-ups to help foreigners network on behalf of the retail merchandise business, Yiwu Hao Hui Trade Co. Ltd, said, every order is not large, but as long as the number more than enough profit no less.

  [Shop price advantage

  To attract foreigners to come to Taobao

  Yesterday morning, at the site Taobao, patted and other small appliances shop some price, the company staff Xiaoxu selected which an iron pattern next to the “buy” button and click with the mouse, enter the payment page to complete single procedure.

  ”This is St. Petersburg, Russia 名叫瓦纽沙 buyers require purchasing in addition to iron, the buyer also requires purchasing two pairs of large-size cattle boots, a large outdoor mounted, and a queen Down The price of 2200 yuan. “small Xu Jieshao, all goods from each shop sent the company will be in service in accordance with the buyer orders one by one to check, confirm correct then unified packaging. Finally, fill in the Russian address and contact information of the buyer reserved directly through postal EMS and other logistics channels and send them over.

  Trading partner for many years in Russia early stage of the two original amount of wholesale business decline, overseas purchasing agent also compressed profit margins because of tariff increases, so try the external network on behalf of business, did not think the business was The good. “Yao Hui, Ho Fai Trading Co., Ltd. is responsible for partners in Russia has its own trade website, hair up websites such as domestic Taobao shop merchandise at low prices attracted many local consumers. Also a large outdoor cotton tops retail price in Russia is likely twice the price of domestic shop. ”    

  Look at the orders of the comprehensive Russian buyers, some buyers will specify the requirements of purchasing a particular brand of a commodity, and some good talk, as long as the color, size, quality meets the requirement, the price range to allow to relax a little.Purchasing goods category, basically clothing, footwear, knitwear and other consumer goods.

  [Network on behalf of commodity profits]

  Three aspects will receive income

  Use its own channels in the external network on behalf of one of the profit guarantee how? In this regard, Yao Hui, frankly, whether it is to help foreigners purchasing, or to help domestic consumers purchasing, there is not much difference between the two, there are three main benefits.

  Commissioned to the Russian buyers purchasing for example, First of all, buyers in the confirmation of the purchasing agent to pay a purchasing commission, usually about 10% of the total price of goods, if the total price is lower, according to the commission reserve price calculation, this The commission by Yao Hui and Russian trading partners pro rata share.

  Second, the Xiaoxiang foreign trade companies, responsible for major procurement chain retail goods to help foreigners find, you can select a number of good reputation Taobao as a long-term supplier, the price below the site agreement price to buy the goods, produced by the difference profits.

  Finally, in the packaged goods to Russia of buyers mailing address into the customs and other issues, there is the cost of additional computing. Under normal circumstances, in order to ensure the goods smoothly into the customs fees charged to the buyer will be slightly higher than the actual costs. This is also the least an income, after all, Russia have unified the provisions of the tariff will not be much deviation.

  External network on behalf of the associated costs may seem pricey, but still a good deal for Russian buyers. For example, a certain brand of a iron shop retail price is basically about 60 yuan, count the purchasing commission and into the customs cost of the purchaser to pay the purchase price will not exceed $ 100, but in Russia, the same paragraph irons retail price of close to 200 yuan.

  It is understood that in order to apportion mailing costs, many Russian buyers a one-time purchase of various commodities, or friends and relatives to fight single “purchasing.

  [Different industrial structure]

  External network on behalf of “money scene” optimistic

  ”In addition to Russia, the next thought of Thailand to see the use of the resources of the old customers purchasing business done.” Yao Hui said that he was very optimistic about the business of the foreign purchasing retail goods. The main reason is that in many countries the industrial structure, the light industry and daily commodities is relatively weak, or high production costs, so that the high retail price of local household goods, while many shop prices advantage, just to meet the demand of foreign consumers purchase zero.

  Professional street in Yiwu door industry, market dealers Hu Description: Not long ago, a buyer from Georgia has ordered five wooden doors with fire safety features, saying that a friend commissioned for the decoration of the new villa. Buy The family said their domestic rarely see such products, even if there is a business sales, the price is higher than here. “

  Reporter in an interview that in recent years, commissioned by a friend, there are many purchasing agent Yiwu purchasing retail goods foreigners.

  Consumers to purchase point of view of the capacity of the national industrial structure, like the Middle East, EU, ASEAN and other countries and regions more suitable to carry out the external network on behalf of business people in the industry, these countries are either light industrial products prices are high, or do not have perfect light industry industrial chain, have good market potential for development. However, in practice, the requirements of the domestic purchasing business is relatively high, for example, in the countries best familiar with trading partners to work together to solve the problems of currency exchange, into the customs and follow-up services.

Yiwu To Strengthen Foreign Exchange Management

Yiwu To Strengthen Foreign Exchange Management

March 20 to 22, the center of Hangzhou Branch of the People’s Bank of China Deputy Governor, the State Administration of Foreign Exchange Zhejiang Branch, deputy director Li Hong entourage to the city to research the situation of foreign exchange management, focusing on foreign exchange management under the market purchases new mode trade, and actively promote Yiwu pilot. Vice Mayor Wu Sen attended the meeting.

At the meeting, the People’s Bank of China Yiwu Branch, the Urban Reform Office, Bureau of Commerce, customs and other relevant units combined with Yiwu actual research group reported on the city’s foreign trade development, personal foreign exchange liquidity, cross-border e-commerce and electronic payment services status and needs.

After listened attentively to the report of the various departments of the city unit of foreign exchange management, said Li Hong, Yiwu is vigorously push forward the comprehensive reform of international trade, foreign exchange management departments will actively cooperate with Yiwu, carry out foreign exchange management of the pilot work, deepen the foreign exchange management reform, promoting investment and trade facilitation. After the meeting, will sort out all kinds of opinions and suggestions, actively compete for policy support for Yiwu local economic development and foreign exchange management, she said.

Yiwu: international freight forwarding and logistics industry reached new heights – Yiwu News

Yesterday, reporter learned from the Yiwu International Freight Forwarders Association, by 10 international freight forwarding and logistics companies in the city “Baotuan combination of Zhejiang Yiwu international logistics and freight forwarding. Trade and Industry Bureau has recently got the” license “, which declared the Yiwu International freight forwarding field combining the strengths of the formation of the first “public fixed positions” platform was born, the city of international logistics and freight forwarding industry and therefore to enter a new period of development.

  Against the background of calls for the international logistics industry to enhance

  In the Thirteenth Party Congress, and this year’s “two sessions”, the building of the about Yiwu land port city has always been an important subject of care and concern. How to make the city a huge logistical advantages, speed up the construction of “Yiwu Port” pace? The meeting has become a hot topic at the city from top to bottom multi-dimensional focus.

  ”Yiwu Port” two commodity exports, the monitoring center project, Commodity domestic logistics centers, major logistics projects are accelerating many of the supporting hardware facilities and management models are also multi-faceted to enhance, in an effort to enhance the carrying capacity of the city logistics, and gradually form a rational layout, structural optimization, advanced technology, fully functional, modern logistics system.

  Yiwu’s development background, asked us to go hand in hand with all levels of logistics-related. “Kam Lai Sin, Yiwu International Freight Forwarders Industry Association, said the city as the country’s largest commodity export base and the world’s largest commodity distribution center, market oriented degree 60 % or more, the momentum of international logistics is very strong. According to customs statistics, in 2010, 2011 for two consecutive years Yiwu customs supervision and export containers are more than 570,000 TEUs.

  ”Such a large foreign trade cargo throughput, the need for a smooth passage, during which thousands of international freight forwarding and logistics companies also play a special role in the new environment has put forward higher requirements for the team.” Said Kim Korea cents.

  Becoming the norms in the international logistics industry development

  Learned in Yiwu International Freight Forwarders Association office, few data: First, to the end of the city’s international freight forwarding companies to 1056;, sponsored by the China Logistics and Purchasing Federation in December last year announced the closing the thirteenth installment of a total of A class logistics enterprises in Zhejiang Province, 247, by region, Ningbo, 89, 42, Hangzhou, Huzhou, 19, 12, Wenzhou and Yiwu to 31, most of these enterprises, international freight forwarding and logistics enterprises.

  ”With the growth of exports of Yiwu market, all these years the freight forwarding and logistics industry has developed rapidly.” The office of the Association Huang said that the start up of enterprises engaged in freight forwarding warehousing is also a herd, there are quite a mixed bag phenomenon. A small number of enterprises in order to Mohr-McClune, illegal operations, regulatory and export adversely affected. In order to regulate the operation, establish a good image of the Yiwu International Freight Forwarders, Yiwu International Freight Forwarders Warehousing Association was established in 2008 under the guidance and assistance of the relevant departments.

  The Association was founded at the beginning, although only 32 companies in the industry put up a benchmark. Members through the development of enterprise self-discipline convention to make a public commitment to the community and to regulate the business activities of enterprises. After several years of operation, the International Freight Forwarders Association has grown to more than 100 member companies, the Association In order to promote the “Yiwu Port” the height of the building to look at the development of the freight forwarding industry, in communication with the relevant departments of the government and customs inspection and quarantine play a good role as a bridge.

  Business has become increasingly standardized, export supervision of the customs and other departments to provide a convenient, but also bring benefits for other companies. Yiwu customs this end built a “green channel”, the creation of Freight Forwarders Association declaration Window priority orders, greatly facilitated the member companies of the relevant member companies. This kind of “reward good faith” measures to promote further regulate the business atmosphere formation and upgrading.

  ”To Baotuan bigger build the new platform of international freight forwarding

  It is understood that with the changes in the international freight forwarding business situation and the environment, has been “small, weak, chaotic,” the model is being more and more challenges, international freight forwarding companies, mergers, restructuring and joint imperative. International Freight Forwarders to coincide with the city ‘Yiwu to Hong Kong’ construction must closely follow the situation and be willing to invest, and strive to become bigger and stronger. “

  With the establishment of the Zhejiang Yiwu International Freight Forwarding Co., Ltd.. In this direction has been substantial breakthroughs. This strong combination led by the Group of Holdings, and Yang Xiang international freight forwarding, Hua Haoguo occasion cargo nine International logistics company jointly build a large international logistics and freight forwarding company.

  Sun Jianhong, chairman of the amount of Holdings Group, said: “Yiwu market is the world market and logistics go hand in hand, and the service been done, the international logistics articles do. Yiwu export of goods, logistics and agents enterprise scale are small, so that is not foreign to find freight forwarding companies, a look at the price of two to see this time, 10 companies jointly established a new company to build a Yiwu public fixed position platform to enhance the grade of doing international logistics and service quality. “

  It is understood that Yiwu out, go through a freight forwarding company in Ningbo and other sub-handedly, and “Yi Union” was established, you can directly with the shipping company to talk about business, in the middle to reduce a part of, and reduce costs. – United on the size and grade, but also enhance the taste and image of the Yiwu International Logistics and even Yiwu.

  ”Yi Union” on the road, but also to strengthen the exchanges between peers, the reporter in an interview with Sun Jianhong, he just received a message, the leadership of Nan Yue Logistics accompanied by Jinan University School of Management professor and his party come to Yiwu to study international logistics.

  Sun Jianhong, said the company’s operations, plans to invest to build a fleet of 200 container drag truck, which change the history of its own large fleet in Yiwu.