Posts tagged ‘Yiwu’

10/12/2014

World’s longest train journey reaches its final destination in Madrid – Xinhua | English.news.cn

The train, named “Yixinou” arrives in Madrid Abronigal railway station in Madrid, Spain, on Dec. 9, 2014. Madrid was the final destination on Tuesday for a train which has set the record for the longest train journey in history: 13,052 kilometers between the Chinese city of Yiwu and the Spanish capital. (Xinhua/Xie Haining)

MADRID, Dec. 9 (Xinhua) — Madrid was the final destination on Tuesday for a train which has set the record for the longest train journey in history; 13,052 kilometers between the Chinese city of Yiwu and the Spanish capital.

The train which arrived in Madrid at 11a.m. local time (1000GMT), departed from Yiwu on November 18th with 40 wagons, carrying 1,400 tons of cargo, consisting of stationary, craft products and products for the Christmas market and it will return to China filled with luxury Spanish produce such as cured ham, olive oil and wine.

The results of this first historic journey which will then be evaluated with the aim of opening a regular two-way rail link between China and Spain, which could commence operations in early 2015.

Two major advantages of rail travel are that the goods were transported much faster than would otherwise be possible by boat, arriving in Spain in half of the time a cargo vessel would need to cross from China to Spain, while the train produces 62 percent less carbon dioxide contamination less than a lorry making the same journey by road.

The marathon journey crossed China, Kazakhstan, Russia, Belarus, Poland, Germany and France, before arriving in Spain with 30 of the wagons it had originally set out with.

The 13,052 kilometers between Madrid and Yiwu is a greater distance than that between the north and south pole, although the distance was not covered using the same crew, nor the same engine.

The engine was changed approximately every 800 kilometers, while the crew changes with each country the train traversed. Meanwhile special stops were necessary at the frontier cities of Dostyk (Kazakhstan), Brest (Belarus) and Irun (Spain) in order to deal with the different railway gauges encountered along the route.

A host of dignitaries, such as Spain’s Public Works Minister Ana Pastor, the Mayor of Madrid Ana Botella, as well as the Director of Business at the Chinese Embassy in Madrid Mr. Huang Yazhong, and the Director of Commerce for the Government of Zhejiang Province Mr. Zhang Shuming.

Mr. Huang said the journey showed the great importance China gave to strengthening relations with Europe, while thanking all of the authorities which had helped to make such a historic trajectory possible, while Mrs Botella commented that the 13,053 of railway which had made the historic feat possible was like a “new silk road for the 21st century, except that now the commerce will travel in both directions.

via World’s longest train journey reaches its final destination in Madrid – Xinhua | English.news.cn.

04/09/2014

Businessman caught in Colombia is China’s first economic fugitive extradited from Latin America | South China Morning Post

A businessman from Zhejiang province, who was arrested in Colombia over allegations he fled the mainland after leaving debts totalling millions of yuan, was repatriated to China yesterday.

a-yiwu.jpg

The case is the first time the mainland has extradited an economic fugitive from a Latin American country, China News Service reported.

The 35-year-old suspect, whose surname was given as Wu, was arrested in Colombia on August 28, it said.

He owned a trading company in Yiwu city and reportedly fled China on a flight from Shanghai‘s Pudong International Airport on September 9, 2012.

He had allegedly left unpaid debts totalling more than four million yuan (more than HK$5 million).

Zhejiang police launched an investigation into Wu about a month later, and order for his arrest was issued in December 2012.

After cooperating with Interpol, Zhejiang police discovered in July that Wu was in Colombia, said Ding Pinglian, of the Zhejiang provincial police bureau.

Four police officers were then sent to Colombia to assist with Wu’s arrest and extradition.

Wu is expected to stand trial in Yiwu, China News Service reported.

A total of 11 people suspected of economic crime have been repatriated since the Ministry of Public Security launched a campaign to return fugitives in July, the report said.

The ministry said last month that more than 150 mainlanders suspected of economic crimes were in the United States, which had become the “top destination” for Chinese fugitives.

via Businessman caught in Colombia is China’s first economic fugitive extradited from Latin America | South China Morning Post.

22/12/2012

* Yiwu’s purveyors of Christmas tat give China a dose of ho-ho-ho

This article illustrates extremely well our view that the Chinese mindset is practical, materialistic and down-to-earth. And I am talking about the entrepreneurs at Yiwu City and the shopkeepers embracing the Christmas spirit (or at least the Christmas decorations anyway); as well as the average urbanite who wants to celebrate international festivals whatever the origin and raison d’etre.

The Times: “On Thursday the Ling Guo massage parlour, in the central business district of Beijing, suddenly turned festive.

A vendor hangs Christmas decorations in between Santa Claus dolls at her stall ahead of Christmas at a wholesale market in Wuhan, Hubei province, ChinaAn outsized image of Father Christmas beamed from the window, flanked by a manic array of snowmen, reindeer and present-stuffed stockings. The masseuses greeted customers in Santa hats.

It is not a triumph of Western culture, but of raw Chinese salesmanship, entrepreneurial flair and desperation.

Elsewhere, the festive decorations are up, adorning everything from roadside noodle shops to suburban shopping malls. Where China’s Christmas lights used to be restricted to the big hotels and stores in Beijing and Shanghai, the briskest sales are now to small shops in provincial cities.

“We are absolutely focused more on the Chinese market and we are shifting 2,000 plastic Christmas trees a day domestically,” said Liu Qing, from Yanghang Art and Crafts, who has been part of the all-out push by manufacturers to persuade the Chinese to celebrate someone else’s season of goodwill.

“Our biggest buyers are now from Shandong and Chongqing, which is so different from a couple of years ago,” Mr Liu said. “Chinese people’s living standards have improved so much, so people start going after something more spiritual. Christmas is a lively holiday. The younger generations like it.”

For a growing number of Chinese businesses making Christmas-related goods, domestic sales now represent their single biggest — and often fastest-growing — market. It is an unexpected development in a country that does not celebrate Christmas. Without it, though, hundreds of factories would be driven to bankruptcy because, despite strong sales, Santa’s Chinese elves are working on tiny margins.

The key to the tinsel-strewn, gold-baubled Christmas-ification of China is to be found on the country’s east coast in Yiwu, the acknowledged world hub of yuletide tat — or “ornamental handicrafts” as they are described by the city’s factory owners.

It is from these workshops that Yiwu annually exports about £200 million of plastic trees, self-illuminating angel choirs and every other Christmas decoration conceivable. Other manufacturing centres in China also feed into the great £1.3 billion flow of Christmas exports, but none do it with such determination and concentration as Yiwu.

The problem, however, is that Yiwu became too good at its trade at just the wrong moment. In 2010 the city had 400 companies making Christmas products; now there are more than 750, with about 120,000 workers engaged in making Christmas goods.

The huge jump in capacity and competition coincided with a drop of about 25 per cent in what had traditionally been Yiwu’s strongest markets for its tawdry wares, Europe and the United States. The effect on profits has been harsh. This year labour costs in Yiwu have risen by 15 per cent and material prices have risen by about 10 per cent.

Chen Jinlin, from the Yiwu Christmas Products Industry Association, said that some of his members have suffered 20 per cent to 25 per cent declines in orders. “There are nearly twice as many companies as there were two years ago fighting for pieces of a smaller cake,” he said. “We are encouraging manufacturers to develop new products, especially lower-cost ones, to adjust to the new economic reality.”

But the longer-term answer, said Mr Hu, the sales manager of the Youlide Art & Crafts Company, has to be to look for new markets, China being the most convenient and potentially vast. Many of Yiwu’s Christmas goodsmakers have seen the domestic share of their sales rocket to 20 per cent of the total over one or two years.

They have also changed the way that they look at opportunities abroad: a shift of marketing focus has made Brazil the largest export destination for Yiwu’s Christmas goods, accounting for 12 per cent of the total. A similar drive has proved successful in Russia, where sales of Yiwu’s seasonal goods have tripled in the past year.

“About 80 per cent of our products go to South America, so we’ve had to change things to reflect that,” Mr Hu said. “Brazilians like their artificial Christmas trees in a paler shade of green than the Europeans.””

via Yiwu’s purveyors of Christmas tat give China a dose of ho-ho-ho | The Times.

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