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  •   The installation rate of China Commodities City Market Credit APP has reached 90% since its launching, meaning the classified supervision of market credit implemented by Yiwu first in China had achieved remarkable results.
      Since 2000, Yiwu has been carrying out a long-term exploration and practice in credit supervision as a new market supervision idea and mode. Yiwu took the lead in China in implementing classified supervision of market credit and releasing the first monitoring indicator for market credit fluctuation -- the Yiwu Market Credit Index. Every transaction of a dealer will be evaluated, decomposed, and accumulated in order to set up a big credit supervision platform taking credit index, brand cultivation, and quality monitoring as links and guaranteed by intellectual property protection, people's mediation, contract performance, and dealers' self-discipline mechanism. Since the implementation of this mode, the rate of law violations of dealers in Yiwu market has declined by 2/3, and the satisfaction rate of purchasers has reached 97%.
      In Yiwu, an international commercial circulation center, foreign trade contract fraud, arrears of payment for goods and hiding, etc. happen from time to time. The city deepens exploration into credit resources and prevents foreign trade-related risks by virtue of "credit + foreign trade". So far, the platform has brought more than 9,300 foreign trade and freight forwarding companies under credit supervision and received over 300 thousand credit evaluations, decreasing the number of contract fraud cases from 159 in 2009 to 22 last year and directly saving a loss of RMB 274 million.
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    2018-07-16 09:34

  •   Recently, the Promotion Meeting of Yiwu for the Grid Management over Financial Risks was held. The meeting implemented the gist of conference at the higher level and further unified ideology and defined responsibilities with an aim to deepen the city's grid management over financial risks and comprehensively maintain a stable financial ecology.
       
      At the meeting, the Finance Office of Yiwu reported the conditions of precautions against financial risks in Yiwu market and the arrangement for proper grid management over financial risks next; the Public Security Bureau reported the conditions of fights against economic crimes related to the public, such as illegal fund raising, in the latest three years; the Comprehensive Administration Office, the Market Supervision Administration, Bank of China, and Yiwu Rural Commercial Bank all introduced their work based on their own functions. It was pointed out at the meeting that the Party Central Committee, the Provincial Party Committee of Zhejiang, and Jinhua all attached unprecedented importance to the precaution against financial risks and had raised new requirements. In recent years, under the joint efforts of departments at all levels, Yiwu achieved a quite good result in financial stabilization; however, there still was illegal fund raising and hazards existing in such fields as the Internet finance.
       
      The meeting stressed that all units should unify ideology, raise the awareness of grid management over financial risks, thoroughly implement the decisions and deployments from the higher levels, deeply understand the importance of financial stabilization, practically strengthen the "four awarenesses", duly perform responsibilities, comprehensively and properly carry out grid management over financial risks, and keep overall social stability. All units should be soberly aware of current severe condition of financial stability in Yiwu, put grid management into practice, guarantee the implementation, and put localized management responsibility, department management responsibility, supervision accountability mechanism, and various guarantee mechanisms in place.
       
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    2018-07-09 09:01

  •   In recent years, accidents like people injured or trapped by elevators happened frequently, but it was often seen that the claims and right safeguarding of victims who were injured or frightened, or even died, in the accidents were evaded by multiple parties and finally left unsettled. Nevertheless from now on, if you take an insured elevator in Yiwu and encounter a similar situation, you can directly call the insurance company for door-to-door claim settlement.
      Elevator liability insurance refers to the economic compensation liability for any passenger casualties or property damage caused by any elevator owned or managed by the insured during its operation. According to information, the plan for Yiwu elevator liability insurance is as follows: the premium of single elevator is RMB 100, the limit of compensation for single person is RMB 1 million, and the accumulated limit is RMB 5 million; the beneficiaries cover passengers, maintenance personnel, and inspection personnel; and mental compensation for people trapped beyond the time limit is added. It realizes maximum guarantee at the lowest price and with the optimal service and provides the best service platform for elevator liability insurance throughout the city.
      So far, full coverage of elevator liability insurance has been realized in key gathering regions, and passenger elevators, escalators, and moving walkways in non-public gathering places and high-rise residential quarters are basically covered by elevator liability insurance. The number of elevators insured in Yiwu reaches 11,864, up 79.4% from last year, and the coverage rate of liability insurance of elevators in use across the city reaches 66.2%.
       
       
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    2018-07-09 08:59

  •   On July 1, the first day of the implementation of the Second Amendment to the Asia-Pacific Trade Agreement (hereinafter referred to as "the Amendment"), Yiwu Customs issued the first upgraded Certificate of Origin for the Asia-Pacific Trade Agreement in Zhejiang Province to Zhejiang Hapida Import & Export Co., Ltd. in the first time.
      By report, the company applied for three upgraded Certificates of Origin for the Asia-Pacific Trade Agreement for three batches of goods exported to Korea, including textiles and apparel like female trousers, shirts, and jackets and valuing USD 77.5 thousand. In line with relevant provisions of the Amendment, with the Certificates of Origin for the Asia-Pacific Trade Agreement, the customs tariff of the goods above will be reduced from 13% to 5%, equal to a reduction of USD 6,201.6, strongly improving the export competitiveness of the company's products.
      The members of the Asia-Pacific Trade Agreement cover two economic growth poles in the world, i.e., East Asia and Southeast Asia, including China, India, Korea, Sri Lanka, Bangladesh, Laos, and Mongolia, who is going through domestic approval procedures. Under the joint efforts of members and through 9 years of negotiation, the Amendment, the fourth round of tariff concession result, was signed in Aug., 2016 and implemented on July 1 this year. The Amendment mainly includes the tariff concession commitments of all members and the optimization of rules of origin. The members commit to do reduce the tariffs of 10,312 tax items. The total number of tariff reduction items increases by 2.5 times compared with the third round of negotiation, the average proportion of tariff reduction items exceeds 28%, and the average reduction rate is 33%.
       
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    2018-07-09 08:58

  •   It was recently learned from the Agricultural and Forestry Bureau of Yiwu that the 11th China Yiwu International Forest Products Fair (the Forest Products Fair) was going to be held during Nov. 1 -- 4 in Yiwu. Themed on "Collect High-quality Forest Products and Boost Rural Revitalization", the Fair this year will cover eight categories of exhibits, namely, furniture & accessories, wood structures and building materials, wood and bamboo artware, wood and bamboo daily necessities, forest food, tea products, floriculture, and forestry science, technology, and equipment.
      The Forest Products Fair this year will set National Targeted Poverty Alleviation Exhibition and Forest Products Exhibition of the She Nationality of Zhejiang Province, highlight "Internet +", and start pre-registration guidance and publicity and enhance network promotion and merchant attraction via its official website, microblog, and WeChat. It will also set characteristic exhibition areas of high-quality Chinese bamboo products, innovative forestry products, wood (bamboo) carvings, and redwood furniture; set the "Belt and Road"-themed Pavilion and hold transnational purchaser trade symposium to promote internationalization of the Fair; hold the 10th Taiwan high-quality Agricultural and Forest Products Exhibition to further strengthen cross-strait cooperation and exchanges; and carry out such activities as the China Forestry E-commerce and Innovative Forestry Summit Forum, the 2nd Plenary Session of the 6th Bamboo Branch of Chinese Society of Forestry and the 14th China Bamboo Academic Conference, the 8th China Wood (Bamboo) Carvings Exhibition and the Appraisal and Selection of Outstanding Works and Gravers, the 7th China Innovative Forestry Product Contest, and high-quality product recommendation and release of Forest Products Fair.
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    2018-07-09 08:56

  •   A few days ago, the "Per-mu Output Score List" of Yiwu industrial enterprises was published. Among the 2,317 enterprises, 110 were rated as Class A, 1,240 as Class B, 783 as Class C, and 185 as Class D. Scale was the king in the past, but now unit output becomes the king. By establishing the reform of "judging an enterprise by per-mu output benefit" as the new development logic, Yiwu has pressed the "fast forward button" towards high-quality development.
      Based on the evaluation result, Yiwu will "differentially" treat enterprises of different classes with respect to resource elements. "Top enterprises" of Class A will be entitle to almost all current preferential policies of Yiwu, while "underachievers" of Class D will be subject to many restrictions in the use of water, electricity, and gas.
      Let more "top enterprises" enjoy VIP treatment in the allocation of resource elements and more "underachievers" drive onto the fast lane of transformation and upgrading. The only purpose of doing this is to cultivate more "great birds" that eat little but lay well and fly far in Yiwu.
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    2018-07-09 08:56