Latest News:  
Beijing   Sunny/Cloudy    8 / -3   City Forecast

People's Daily Online>>China Business

China's Yiwu sees robust trade with BRICS

(Xinhua)

16:24, February 20, 2012

HANGZHOU, Feb. 20 (Xinhua) -- Yiwu, the largest small commodity market in China and one which supplies half of the world's Christmas products, saw strong growth in trade with the China's fellow BRICS countries last year, according to local customs authorities.

Exports to Brazil, Russia, India and South Africa reached 1.03 billion U.S. dollars in 2011, up 52 percent from the previous year, said a statement issued Monday by the customs department in Yiwu, a city in east China's Zhejiang province.

Exports to Russia even increased eight fold year-on-year, a trend which which authorities credited to Russia's WTO entry last year.

Customs authorities said they believe that the robust growth has, to some extent, offset the negativity caused by the eurozone debt crisis and instabilities in the Middle East.

The city's total export value stood at 9.87 billion U.S. dollars last year, up 15 percent from a year ago, according to the statement.

Trade reform with polices related to finance, land, taxes and customs, was introduced in Yiwu in 2011, and experts believe the scheme has also contributed to Yiwu's business success.

BRICS refers to leading emerging economies Brazil, Russia, India, China and South Africa.

Email|Print|Comments(Editor:梁军)

Leave your comment0 comments

  1. Name

  

Selections for you


  1. Chinese VP visits James Lynch's farm in Shannon, Ireland

  2. Huston Rockets defeats Utah Jazz

  3. Mexico marks Day of Army

  4. Revellers perform in carnival parade in Corrientes, Argentina

Most Popular

Opinions

  1. China takes responsible attitude towards Syrian
  2. Admire Jeremy Lin for his skills, not the way he looks
  3. VP Xi's U.S. tour hailed as future-oriented landmark
  4. Vote on Syria resolution shows responsibility
  5. China's rise is opportunity for world
  6. China, US need healthy, stable military ties
  7. Promoting China-US relations needs open mind
  8. Promoting peace talks shows China's attitude
  9. European integration at crossroad
  10. China needs to improve overseas security

What's happening in China

Big need for mother-and-baby nurses

  1. Online retail sales exceeds 800 bn yuan in 2011
  2. Subway 'late pass' for delayed workers
  3. Datong vice mayor killed
  4. 100,000 yuan is no dead end job
  5. City aims to stimulate with duty-free shopping

PD Online Data

  1. Spring Festival
  2. Chinese ethnic odyssey
  3. Yangge in Shaanxi
  4. Gaoqiao in Northern China
  5. The drum dance in Ansai