Santa got his hometown in Yiwu

"More than 90% of the members of the association are using *** when making export trades." Yesterday, Chen Jinlin, secretary-general of Yiwu Christmas Supplies Industry Association, said in an interview with Xinbao.

Has become a habit in the industry:

Settlement likes to use ***

S&P cut the U.S. sovereign credit rating and recently touched the global economy. As a “factory of the world,” Chinese suppliers are concerned that if they increase the value of their products afterwards, they will cause export problems. The recent news of “collective use of *** settlement by Yiwu Christmas products companies” was heavily reprinted.

As mentioned in the article, the concern of the Christmas supplies exporters on the appreciation of the *** is the “temporary” reason for their choice to use *** settlement. However, a survey by the reporter found that due to the fact that trade has been carried out mainly through foreign trade companies, the main settlement currency for Christmas households in Yiwu has always been ***.

This is the historical habit of Yiwu. Yiwu Zhibo Christmas Arts & Crafts Factory, a person named Zhang Yijun, said that he had been engaged in Christmas accessories business for more than 10 years. At the same time, he started to use finished products. Since the orders mainly came from foreign trade companies, they previously avoided the trouble of currency exchange. They Both require the purchase party to pay the purchase price by ***.

Jiang Hao, a salesman of Zhejiang Liangjun Arts & Crafts Co., Ltd., said that their customers include both foreign trade companies and foreign companies, but they mainly rely on foreign trade companies. "The settlement method is mainly ***. It has always been like this." Jiang Yu said.

Yiwu Aerospace Arts & Crafts Co., Ltd. is the main Christmas gift and its factory scale is one of the best in Yiwu Christmas products industry. This company has a marketing point in the Christmas goods display area in the second district of Futian, Yiwu. The person in charge of the marketing point said that from the point of view of the business she handles, it is common practice to use *** for settlement.

Many people worried about the exchange rate, but she said that he never cares about the head of the shopkeeper of the dollar “Glory Christmas Process”. She said that even if foreign investors come only with the US dollar to purchase, she will also tell foreign investors that they will only accept the payment. "Using the U.S. dollar can also be used, but it can only be used to pay for the deposit. When the bills are settled, I will refund the U.S. dollars to foreign companies and let them use *** to pay for them," said Ms. Chen.

Wang ** worked in “Starlight Christmas Lighting”. She said that even if some foreigners want to settle in U.S. dollars, they would also recommend that they pay the deposit in US dollars. When the goods arrive at the payment, they will return the U.S. dollar in full and ask foreign merchants to pay. **. “When we come across foreigners who insist on using the US dollar, we will also negotiate with them to ensure that there is no loss in exchange rates,” Wang said.

In the context of homogenous competitive incentives, why can these Christmas-based merchants have such a big decision in the currency settlement? Ms. Chen said: "Everyone has used *** for settlement, and foreigners can only express this understanding." Many business households told reporters that foreign buyers who purchase Christmas items many times in Yiwu generally know the habits of business households. Will not take the dollar to purchase.

The recent U.S. debt crisis may trigger an accelerated appreciation of ***, causing exporters in many industries to worry about it. Ms. Chen said: "My business is still very good this year. As for the U.S. dollar, the U.S. debt crisis or exchange rate fluctuations, I do not care much."

Responding to multiple difficulties in export habits are often greater than the prevention of Yiwu Christmas Supplies Industry Association Secretary-General Chen Jinlin said that, relatively speaking, Christmas supplies is a special industry, whether it is the US debt crisis or the European debt crisis, in the eyes of Westerners, Christmas is a must Yes, just as the Chinese are poor again, they will have a happy Spring Festival. Therefore, the Christmas goods export situation this year is better. In the association, more than 90% of companies use *** for settlement. Do not worry about the risk posed by the exchange rate, which is equal to letting the industry get a little more fortune.

“Now the raw materials are getting more severe, the profit margin is low, and the development of the industry is facing some confusion. But at least we should not worry too much about the profit reduction brought by exchange rate fluctuations.” Zhang also believes that a good habit to do business can often Helps prevent foreign trade risks.

In an interview with reporters, Zhang Yixuan also thought of the "cheat goods" problem that frequently occurred in the Yiwu market. "Actually, if the suppliers that do business in Yiwu don't do business with debts, will the phenomenon of fraudulent goods not be substantially reduced?" He said, in the final analysis, this is still a matter of habit.