Santa's sleigh brings restored order to SMEs (2)

Most businesses in Yiwu are getting ready for the pre-Christmas peak. Yiwu is renowned as a commodity trade center.

According to the latest statistics released by the Customs Department, the value of products for Christmas passing the Yiwu Customs District during the first eight months, exceeded $79 million, 77.3 percent higher than last year.

"Although we have been affected by the European crisis, the demand for Christmas still brought us back on track quickly, in the middle of year," said Jiang.

Jiang added that he hoped the return of strong Christmas sales, will set the stage for a more profitable year in 2013.

There are more promising signs for small and medium-sized trading enterprises in China. They've been struggling with diminished orders and lower profits over the past year, continuously affected by the gloomy global economy.

The economy regained some manufacturing momentum, according to the purchasing managers' index, which indicated an expansion in factory output.

The PMI hit 50.2 in October, up from 49.8 in September and 49.2 in August, according to latest figures released by the National Bureau of Statistics on Nov 1.

We recommend:
A Decade of Fastest Development	Eastern Boom Lightens Western Gloom	Oct. data released, inflation slows
Gold collection issued to mark 'Year of Snake'	Chinese firms 'potential Trojan horses'?	13th Int'l Automobile Industry Exhibition
China Int'l Industry Fair opens in Shanghai	Caofeidian coal wharf put into use	Canton Fair wraps up on Sunday