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Trade volume down 5% at Yiwu int’l commodities fair
Posted on Oct-28-2008· by china investor
Trade volume at the Yiwu International Commodities Fair dropped by 4.9 percent than last year. The total trade volume reach 10.4 billion yuan , The foreign trade volume dropped by 3.2 percent to reach 949 million U.S. dollars.
The current global financial crisis caused the credit market crisis, the United States and Europeean consumers spending power and desire dropped, in order to respond to these market shrinks.
When some foreigners who lived in China were interviewd,they said they have to change the lifestyle in the past, as far as possible to buy some of the necessities of life, reduce unnecessary spending.
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October 30th, 2008 at 10:11 am
[...] internal price system.So actually,the number of slowdown is not only 3.6%. Yesterday I had reportedTrade volume down 5% at Yiwu int’l commodities fair,I think goverment need do more things to support expert department,and the goverment need change [...]