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Yiwu fourth quarter increased downward pressure on the economy

Source: Yiwu sourcing agent    Author: Gary      Date: 2011-11-04

 Yesterday, reporter learned from Yiwu Bureau of Statistics, the first three quarters, Yiwu industrial economy, fixed asset investment, export trade grew rapidly, consumer market remained buoyant, well-run trend of Finance, the income continues to increase rapidly.

    Data show that in first quarter, Yiwu's GDP growth rate start from 9%, the situation is more severe; in the second quarter, the situation improved, the first half of the GDP growth rate of 10.4%; third quarter finished GDP, 51.19 billion yuan, an increase of 10.6%.

    But overall, the second half year of Yiwu further increase the downward pressure on the economy, the resources, elements of the bottleneck limiting economic growth is more obvious, particularly industrial, financial and real estate industries. Fourth quarter situation is not optimistic.

  The first three quarters, China Commodity City turnover of 29.18 billion yuan, an increase of 9.4%. However, the overall market is lagging, particularly manifested in the external sector, the first three quarters of Yiwu Customs regulatory containers 406,000 TEUs, down 6.4%; Yiwu International Logistics Center container traffic 284,000 TEUs, down 11.6%; foreign Immigration 294,000 passengers, an increase of 4.3%, but the increase compared with last year, down significantly.

    However, the Yiwu consumer market remains active. The first three quarters Yiwu achieved total retail sales of social consumer goods 25 billion yuan, an increase of 18%.



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