“World Supermarket” – Yiwu Sees Trade Growth

The 23rd China Yiwu International Commodities Fair (Yiwu Fair) has came to an end for a few months, with more deals signed than the 31st China International Hardware Fair. Over 2,200 companies from 15 countries and regions, including several big shots such as Alibaba Group and Amazon, attended this year’s fair in Yiwu City, Zhejiang Province.

The employees of eGTCP Platform assisted the overseas buyers in finding suitable Chinese suppliers and facilitated the conclusion of transaction at Yiwu Fair. The reason why this fair is only held in Yiwu is that it is known as the “World Supermarket” for its wholesale goods. Yiwu City’s Customs said on Wednesday, “This city saw steady growth in the trade last year”. Official data showed the city achieved a total trade volume of CNY211.3 billion (USD32.6 billion) from January to December, up by 4.4%, with exports amounting to CNY208.1 billion, up by 4.1%, and imports reaching CNY3.2 billion, up by 34.3%.

Yiwu exports more than 20,000 types of Christmas items to over 100 countries and regions every year, accounting for 60% of the world’s market share. A Chinese merchant at Yiwu Fair told Xinhua News Agency that her company alone sold 200,000 Christmas trees to the Euramerican countries, such as the United States, Argentina, Italy and Colombia last year.

According to Yiwu City’s Customs, this city exported CNY1.4 billion Christmas goods to these countries, such as Chile, the United States, the Philippines, Brazil and India from January to December.

Belt and Road countries have also become important export destinations, leading many Chinese merchants to add Arabic specifications to their products, in addition to Chinese and English versions. The Customs said India was the largest importer, with trade volume exceeding CNY13 billion, while Hungary and Angola registered the highest year-on-year growth of 232% and 101% respectively.

eGTCP will offer more services to the suppliers and buyers at the 24th China Yiwu International Commodities Fair, contributing to Yiwu’s title of World Supermarket.

Popular services in global trade:

financial support-$100,000, buy now, pay later

credit inquiry-know your partner's credit status to avoid trade risk

factory inspection/loading monitor/trade assurance

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eGTCP financial support - your reliable trade solution in Yiwu Fair

Yesterday, Yiwu Fair came to a close. As one of the three major exhibitions in China, Yiwu Fair provides a great trade platform for the global buyers and Chinese suppliers to make business more efficiency. eGTCP.com , as a partner of Yiwu Fair, offers consultation services and issue Credit Purchasing cards to buyers to,help them do business in China.

More than 2,000 buyers had come to the eGTCP booth and joined the Platform after the introduction of the services provided. Many of them also showed great interests in the GTCP – Credit Purchasing Card.

As a professional supply chain platform, we aim to solve all trade related issues for our clients through our integrated services.

ü  We pay your suppliers in advance

ü  Max $5,000,000 Credit Limits, apart from bank limits

ü  90-180 days credit terms

ü  Increasing your purchase volume and profits

For more details about the services, please visit www.eGTCP.com.

Free services in global trade:

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Email: service@egtcp.com Tel: +86 400-159-8448

                                                            

Where to find reliable suppliers? Welcome to Yiwu Fair and find eGTCP

As the most influential & effectively fair for daily consumer goods in China, the 23^rd rd China Yiwu International Commodities Fair (YIWU FAIR) will be held on Oct.21-25, 2017.

Yiwu Fair has been honored as the “Best Management Fairs in China”, “Best Outcome Exhibition”, “Top Ten Exhibitions in China”, “Best Fair sponsored by the Government” and “Most Influential Brand Fairs”, etc.

eGTCP.com will provide more benefits and services to exhibitors and buyers in this Fair: 

1. China Yiwu Fair Credit Purchasing Card

You will have access to the jointly released China Yiwu Fair Credit Purchasing Card with the credit line ranging from USD 100,000 to 500,000.

2. Trade Rewards

The top 200 buyers who have registered and submitted relevant materials and data at Yiwu fair, will be able to get $300 reward on www.egtcp.com. This platform award can be used to deduct the matching fees, logistics fees and agency fees generated on the platform.

3. Free Order Matching Services

eGTCP will collect the sourcing requests of main industries like hardware, home decor, outdoor, home appliances, electrical appliances and daily necessities, etc. to,provide order matching services for the exhibitors of Yiwu fair.

4. One-stop Credit Consultancy Service

We will provide free trade consultancy services to the exhibitors at the Fair.

For more services and benefits, please find us at:

Venue: Booth Hall A1, Yiwu International Expo Center, Yiwu, China.

Date: 10.21-25, 2017.

Free services in global trade:

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Email: service@egtcp.com Tel: +86 400-159-8448

                                                            

Welcome to Yiwu Fair - the Most Influential Fair for Daily Consumer Goods in China

We are pleased to invite you to the 23^rd China Yiwu International Commodities Fair, which is the Third Largest Export-oriented Commodities Fair in China!

Introduction

·Date: 10.21-25

·Venue:Yiwu International Expo Center 

The 23^rd China Yiwu International Commodities Fair (YIWU FAIR) will be held on Oct.21-25, 2017. It has been honored as the “Best Management Fair in China”, “Best Outcome Exhibition”, “Top Ten Exhibitions in China”, “Best Fair sponsored by the Government” and “Most Influential Brand Fairs”. First held in 1995, Yiwu Fair is approved by the State Council, jointly sponsored by the Ministry of Commerce and the People’s Government of Zhejiang Province.

2017 Fair Scale 

·Exhibition Area: 150,000 ㎡

·International Standard Booths: 4,500

·Quality Exhibitors: 2500

·Visitors: 200,000

Industry

Daily necessities, electronic appliances, hardware tools, office supplies, outdoor leisure products, sports goods, garment and accessories, mechanical and electrical machinery, building materials,  textiles, jewelry and accessories, toys and children's products, etc.
 

Highlights of the Fair

·Location:Yiwu International Expo Center

·Booth:Hall  A1

By cooperating with the Yiwu Fair, Electronic Global Trade Credit Platform (eGTCP.com) to offer exclusive value-added services (including but not limited to trade and financial services)to buyers who attends the Fair. Please go to Hall A1 and find out more about our quality services such as financial support, company investigation and legal consultation, etc.

Please note that credit worthy buyers can get Min. $100,000 credit line for purchasing field exhibitors’ products!

 Free services in global trade:

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Email: service@egtcp.com Tel: +86 400-159-8448

                                                            

Chinese companies now flock to energy industry meeting

Chinese companies are making a much stronger presence because the industry experiences a downturn. Though the 2017 Offshore Technology Conference (OTC) is less crowded and the displays smaller and less elaborate with crude oil hovering around $50 per barrel.

Image Credit: Internet

"I noticed that the China Pavilion area is much larger, and the number of Chinese companies has increased. I estimate that there are probably 200 to 300 Chinese companies at OTC this year," said Torry Wang, president of Houston-based Amphibian Petroleum Technologies.

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OTC, which runs from Monday through Friday, is the largest event in the world for the oil and gas industry with some 2,300 exhibitors representing more than 100 countries.

The depressed oil price gave Chinese companies more opportunities to come to OTC, which has a long waiting list for exhibitors, explained Wang. His company has been taking part in OTC for seven years.

"A lot of oil and gas companies decided not to show up due to the low oil price, thus freeing up spaces for Chinese companies. Some of them had tried for years to come to this event but couldn't get in until this year," said Wang.

Wang's assessment was partially echoed by Yi Baishui, deputy general manager of CMEC International Exhibition Co. His company has been organizing Chinese companies to participate in OTC since 2008.

"This year we brought more than 50 people from over 20 Chinese companies, much more than 30 some people last year," Yi said.

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"Although there are some policy uncertainties with the Trump administration when it comes to China-US relations, I am very glad to see more business exchanges going on between the US and China," said Zhao Zhenge, general representative of China Council for the Promotion of International Trade (CCPIT). "I am certain the larger presence of Chinese companies at OTC will bring more bilateral business in this industry."

Zhao also will meet with local American and Chinese business leaders to broaden bilateral business cooperation.

Not only are Chinese companies more prominent at OTC, but more of them are selling products to the US oil and gas industry, according to Tim Gonzales, acting director of global business at the American Petroleum Institute (API).

API has led the development of petroleum and petrochemical equipment and operating standards for more than 80 years. It certifies all products and services sold within the industry.

Gonzales said that the number of API-certified Chinese companies has surpassed that of American companies since last year.

"Now we certify more than 3,000 companies from China while we certify just about 3,000 companies in the US. It's very interesting," said Gonzales.

Gonzales said that API, after working in China to bring US standards to Chinese manufacturers, is now interested in working with Chinese organizations and companies to develop industry standards that China requires.

"So that when Chinese companies buy equipment such as pipes from the US, it will be the same as in China. We want to make the standard globally acceptable," said Gonzales, who discussed details with Zhao on how to work together to develop such standard for China.

"This is very encouraging news. It means China economy has become a force to be reckoned with. A recognized standard for China will certainly further benefit business exchanges on both sides," Zhao said.

This year, China's major players are at OTC such as CNPC, Sinopec and CNOOC.

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We, eGTCP, welcome you to apply for GTCP(Great Tao credit purchasing card), you can get $10,000 immediately, buy more, pay later, let's get started! 

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Email: service@egtcp.com     Tel: +86 400-159-8448