Latest news with #Yiwu
Associated Press
a day ago
- Business
- Associated Press
"Pet Economy" Booms: Yiwugo Provides One-Stop Access to 30,000+ Products
YIWU, China, June 19, 2025 /PRNewswire/ -- the official website of the Yiwu Commodity Market, is the largest commodity wholesale market in the world. This year, the pet economy has seen explosive growth, with the pet products market continuing to expand. Data from Yiwugo reveals that since the opening of the Yiwu market in 2025, the search popularity for 'pet supplies' has remained exceptionally high. For nearly half a year up to early June, 'pet supplies' consistently ranked among the top 50 most-searched keywords on Yiwugo. It is reported that the pet supplies zone in Block 5 of the Yiwu International Trade Market covers 8,000 square meters, with annual sales exceeding 2 billion RMB. Over 80% of these products are exported to Europe, the Americas, Africa, and Southeast Asia, accounting for approximately 10% of China's total pet supplies exports. An article published on the Yiwu Index on June 6, 2025 covering the pet economy stated, 'Yiwu's pet supplies sales reached 3 billion RMB in 2024, representing about 15% of China's total pet supplies exports. Yiwu has become the largest specialized pet supplies market in China, offering over 30,000 distinct product items, covering every aspect of pet care, from food and apparel to housing, travel, and daily essentials.' Regarding the rapid growth in product variety and professional specialization within Yiwu's pet supplies market, Mr. Wang Sheng, who is in charge of Zhejiang Fengpei Pet Articles Firm, and the Secretary-General of the Yiwu China Small Commodities City Pet (Aquatic) Supplies Industry Association, is particularly well-positioned to comment. Since entering the industry with his wife in 2008, Wang has focused on building a one-stop pet supplies procurement base. Today, their company boasts an extensive catalog of nearly 30,000 product items. As a vertically integrated company combining manufacturing and trade, Fengpei far surpasses industry standards in both product design and quality. In 2016, the company was among the first to identify the gap between the diverse market demand for pet harnesses and the limited supply options available. Determined to enhance product quality and create more exquisite harnesses, Wang meticulously researched the market and collaborated with a professional design team. That year, Fengpei launched several original harness designs, featuring superior raw materials, reinforced thickness, significantly improved strap durability, and extended service life. They quickly became popular in the domestic pet supplies market and soon gained traction internationally, with overseas buyers competing for orders. Mr. Wang stated, 'during the peak year, we sold more than one million units.' Since then, harnesses have become Fengpei's signature product, establishing the company as a premium industry player. While continuously elevating product professionalism and expanding its categories, Wang has also implemented a systematic management structure across all levels of production and sales. This has propelled the company to become a supplier to multiple renowned domestic and international brands. Now serving as Secretary-General of the Yiwu China Small Commodities City Pet (Aquatic) Supplies Industry Association, Wang shoulders greater responsibility for industry development. Some of Fengpei's long-term clients, originally mom-and-pop shops, have grown into branded enterprises with thousands of employees. Aided by Yiwugo platform, the company has secured increasing orders from high-quality domestic and international companies, providing crucial momentum during its recent growth surge. Mr. Wang recalled that a few years ago, a well-known overseas chain supermarket contacted him via Yiwugo requesting product samples. After several rounds of supplier evaluations, the company won the order by leveraging Yiwu's unique advantages in raw materials and logistics, coupled with outstanding product quality and exceptional cost-effectiveness. The partnership continues strongly to this day, with annual orders for certain products exceeding one million RMB during peak seasons. As a merchant who has personally witnessed the booming development of Yiwu's pet supplies market, Wang is profoundly grateful for the support from both the Yiwu market and Yiwugo platform. He firmly believes that as more industry players enter and enrich the market, the pet supplies sector in Yiwu will continue to flourish with even greater vitality! View original content to download multimedia: SOURCE
Free Malaysia Today
14-05-2025
- Business
- Free Malaysia Today
Tariff truce sparks hopes for Halloween orders in China
US President Donald Trump's tariffs on Chinese imports prompted waves of US customers to suspend or delay orders for festive decorations. (EPA Images pic) YIWU : A tariff truce between the US and China is helping kickstart the resumption of trade between the countries, but for manufacturers of Halloween decorations in the eastern Chinese city of Yiwu feelings are mixed. President Donald Trump's tariffs on Chinese imports, which reached 145% in April, prompted waves of US customers to suspend or delay orders for festive decorations, disrupting business for the likes of Lou Xiaobo, whose company Xubo relies on the US for 20% of sales. The 25-year-old, whose family has been making Halloween decorations in Yiwu for 28 years, warned they would have to scramble to produce and ship their hanging skeletons and costume props to America in time for the Oct 31 holiday. Customers are weighing up the cost of the new 30% tariff rate and although he is expecting orders, Lou is also warning customers his business cannot produce more complex made-to-order products in time. 'I don't think that because tariffs are lowered, we should be happy, because they have already delayed our production time,' he told Reuters from his family's store at Yiwu's sprawling wholesale market. 'In these two months we have lost (to tariffs), we can produce about ¥500,000 of goods, but now I only have ¥200,000…I'm not happy just because tariffs have been lowered,' he said. His comments point to how the damage has been done for many Chinese manufacturers that rely on the US market. While they say the truce has brought hope that orders will return, uncertainty still exists given the current 90-day time limit on lower tariffs and the Trump administration's unpredictability. China manufactures the majority of festive decorations the US buys, not just for Halloween but for other events such as the Fourth of July and Christmas. 'The tariffs were implemented at the utmost worst time for the Halloween manufacturer, as product was either finished and on a boat being held up, or in some stage of production that was halted,' said Robert Berman, a board member of the Halloween and Costume Association and the CEO of Imposta Costumes. 'China for many in the Halloween industry creates a one and done system,' he added. 'Yes, we can diversify and find new countries, but this will take years, and many of us are too far along to make any changes for 2025,' he said. Another exporter of Halloween masks, who only gave her surname as Ma, said she was hopeful that customers would now place orders, though she believes her overall exporting business turnover will be much lower than last year. 'If people order now, to ship it in June or July, it probably won't be too late, but if we don't have these in stock, which means they have to be made to order, we won't be able to get them in stock for Halloween,' she said. 'Anyway, I definitely hope they don't start up the trade war again!,' she added.
Free Malaysia Today
13-05-2025
- Business
- Free Malaysia Today
Chinese exporters to US tread warily as tariff uncertainties linger
The container shipping industry welcomed the agreement between Washington and Beijing, saying it expected the deal to boost bookings. (EPA Images pic) BEIJING : When she heard the news that Washington had slashed punitive tariffs on China for at least 90 days, Deng Jinling, manager of a Chinese company that exports thermos flasks to the US, popped open a bottle of champagne with her husband. While Deng celebrated the reprieve with bubbles, she worries about what might happen after 90 days, and has sent her 20-year-old daughter to the US to help scout for a warehouse there to mitigate risks and guard against any further fallout from tariffs. 'My biggest worry is Trump will forget tomorrow what he said today,' said Deng, manager of Lucky Bird Trade, based in the export manufacturing hub of Yiwu, the world's largest wholesale hub for small manufactured items, referring to US president Donald Trump. Chinese factories are heavily dependent on the US market, but manufacturers in China have buckled up, uncertain on how to navigate an increasingly unpredictable trade war that has threatened to upend global supply chains – and the uncertainty prevails despite the temporary truce. After talks with Chinese officials, the US said yesterday that the two sides had agreed to a 90-day pause under which Washington will cut tariffs on Chinese imports to 30% from 145% and Chinese duties on US imports will drop to 10% from 125%. While the news lifted global markets, the cheer has been tempered by caution among some manufacturers in China, given the uncertainty over what could happen after 90 days, with some still intent on scouring for opportunities overseas to hedge their bets. Christian Gassner, general manager of Limoss, a German manufacturer of control panels and remote devices based in the Chinese manufacturing hub of Dongguan, is in Malaysia seeking to expand operations for the US market with a partner there, and says he will continue to do so despite the tariff pause. 'Even with the 90-day pause, it feels more like someone just hit the snooze button on a fire alarm. 'Tariffs, politics, and policy mood swings don't exactly scream 'stable business environment',' he said. 'Sticking to one region these days is like building your house on a trampoline. 'For Limoss, the US is a top-three market, so crossing our fingers isn't a strategy – we need real options, real fast, before the next plot twist drops,' he added. Candice Li, marketing manager of a medical devices maker based in China's southern province of Guangdong, said her first reaction was suspicion and she wondered if the 30% tariff would soon translate to 60%. 'As the president of a country, he talks as easily as telling a joke, threatening his credibility,' Li said, referring to Trump. Her company had paused deals with US buyers for more than a month, but Li said she now expected clients to resume trade and pay the tariffs. With around 60% of orders coming from the US, her company had scaled back work hours and shifts after the tariffs were hiked to 145%. 'People from supporting departments only worked for half of the month, which is equal to a pay cut,' Li said. Year-end holidays in focus The timing of the truce is key for some Chinese manufacturers. The month of May is when US retailers traditionally make orders for year-end holidays such as Halloween, Thanksgiving and Christmas. Jessica Guo, who manages a Christmas tree factory in Jinhua in eastern China, said she was scrambling to get orders out. 'American clients are particularly anxious for us to ship the Christmas trees, but we can't produce them fast enough. 'We can only schedule orders until the end of August, but by then, the situation between the US and China is uncertain,' she said. Analysts said customers will take the 90-day window of opportunity to ship as many goods as possible into the US, although the outlook beyond that is uncertain. Yesterday, the container shipping industry welcomed the agreement between Washington and Beijing, saying it expected the deal to boost bookings. Some smaller exporters with businesses in emerging markets see opportunities in the US-China agreement. Eileen Xiong, sales director at Dongguan Vdette Information Tech Co, an air purifier manufacturer, said many Chinese exporters focusing on the US market had suspended deals over the past month amid the trade war and that had intensified competition in emerging markets where she operates, such as India, forcing her to lower prices. 'We are a small company … For big brands, they will not give up the US market. 'They started to put some energy into emerging markets or markets with lower prices. Now, with a better environment, they may focus their attention back to the US, leaving less pressure on us,' said Xiong.
Reuters
13-05-2025
- Business
- Reuters
Chinese exporters to US tread warily as tariff uncertainties linger
BEIJING/SHENZHEN, May 13 (Reuters) - When she heard the news that Washington had slashed punitive tariffs on China for at least 90 days, Deng Jinling, manager of a Chinese company that exports thermos flasks to the U.S., popped open a bottle of champagne with her husband. While Deng celebrated the reprieve with bubbles, she worries about what might happen after 90 days, and has sent her 20-year-old daughter to the U.S. to help scout for a warehouse there to mitigate risks and guard against any further fallout from tariffs. "My biggest worry is Trump will forget tomorrow what he said today," said Deng, manager of Lucky Bird Trade, based in the export manufacturing hub of Yiwu, the world's largest wholesale hub for small manufactured items, referring to U.S. President Donald Trump. Chinese factories are heavily dependent on the U.S. market, but manufacturers in China have buckled up, uncertain on how to navigate an increasingly unpredictable trade war that has threatened to upend global supply chains - and the uncertainty prevails despite the temporary truce. After talks with Chinese officials, the U.S. said on Monday the two sides had agreed to a 90-day pause under which Washington will cut tariffs on Chinese imports to 30% from 145% and Chinese duties on U.S. imports will drop to 10% from 125%. While the news lifted global markets, the cheer has been tempered by caution among some manufacturers in China, given the uncertainty over what could happen after 90 days, with some still intent on scouring for opportunities overseas to hedge their bets. Christian Gassner, General Manager of Limoss, a German manufacturer of control panels and remote devices based in the Chinese manufacturing hub of Dongguan, is in Malaysia seeking to expand operations for the U.S. market with a partner there, and says he will continue to do so despite the tariff pause. "Even with the 90-day pause, it feels more like someone just hit the snooze button on a fire alarm. Tariffs, politics, and policy mood swings don't exactly scream 'stable business environment'," he said. "Sticking to one region these days is like building your house on a trampoline. For Limoss, the U.S. is a top-three market, so crossing our fingers isn't a strategy - we need real options, real fast, before the next plot twist drops." Candice Li, marketing manager of a medical devices maker based in China's southern province of Guangdong, said her first reaction was suspicion and she wondered if the 30% tariff would soon translate to 60%. "As the president of a country, he talks as easily as telling a joke, threatening his credibility," Li said, referring to Trump. Her company had paused deals with U.S. buyers for more than a month, but Li said she now expected clients to resume trade and pay the tariffs. With around 60% of orders coming from the U.S., her company had scaled back work hours and shifts after the tariffs were hiked to 145%. 'People from supporting departments only worked for half of the month, which is equal to a pay cut,' Li said. The timing of the truce is key for some Chinese manufacturers. The month of May is when U.S. retailers traditionally make orders for year-end holidays such as Halloween, Thanksgiving and Christmas. Jessica Guo, who manages a Christmas tree factory in Jinhua in eastern China, said she was scrambling to get orders out. "American clients are particularly anxious for us to ship the Christmas trees, but we can't produce them fast enough. We can only schedule orders until the end of August, but by then, the situation between the U.S. and China is uncertain." Analysts said customers will take the 90-day window of opportunity to ship as many goods as possible into the United States, although the outlook beyond that is uncertain. On Monday, the container shipping industry welcomed the agreement between Washington and Beijing, saying it expected the deal to boost bookings. Some smaller exporters with businesses in emerging markets see opportunities in the U.S.-China agreement. Eileen Xiong, sales director at Dongguan Vdette Information Tech Co, an air purifier manufacturer, said many Chinese exporters focusing on the U.S. market had suspended deals over the past month amid the trade war and that had intensified competition in emerging markets where she operates, such as India, forcing her to lower prices. "We are a small company ... For big brands, they will not give up the U.S. market. They started to put some energy into emerging markets or markets with lower prices. Now, with a better environment, they may focus their attention back to the U.S., leaving less pressure on us," said Xiong.
Yahoo
13-05-2025
- Business
- Yahoo
Chinese exporters to US tread warily as tariff uncertainties linger
By Sophie Yu, David Kirton and Ellen Zhang BEIJING/SHENZHEN (Reuters) -When she heard the news that Washington had slashed punitive tariffs on China for at least 90 days, Deng Jinling, manager of a Chinese company that exports thermos flasks to the U.S., popped open a bottle of champagne with her husband. While Deng celebrated the reprieve with bubbles, she worries about what might happen after 90 days, and has sent her 20-year-old daughter to the U.S. to help scout for a warehouse there to mitigate risks and guard against any further fallout from tariffs. "My biggest worry is Trump will forget tomorrow what he said today," said Deng, manager of Lucky Bird Trade, based in the export manufacturing hub of Yiwu, the world's largest wholesale hub for small manufactured items, referring to U.S. President Donald Trump. Chinese factories are heavily dependent on the U.S. market, but manufacturers in China have buckled up, uncertain on how to navigate an increasingly unpredictable trade war that has threatened to upend global supply chains - and the uncertainty prevails despite the temporary truce. After talks with Chinese officials, the U.S. said on Monday the two sides had agreed to a 90-day pause under which Washington will cut tariffs on Chinese imports to 30% from 145% and Chinese duties on U.S. imports will drop to 10% from 125%. While the news lifted global markets, the cheer has been tempered by caution among some manufacturers in China, given the uncertainty over what could happen after 90 days, with some still intent on scouring for opportunities overseas to hedge their bets. Christian Gassner, General Manager of Limoss, a German manufacturer of control panels and remote devices based in the Chinese manufacturing hub of Dongguan, is in Malaysia seeking to expand operations for the U.S. market with a partner there, and says he will continue to do so despite the tariff pause. "Even with the 90-day pause, it feels more like someone just hit the snooze button on a fire alarm. Tariffs, politics, and policy mood swings don't exactly scream 'stable business environment'," he said. "Sticking to one region these days is like building your house on a trampoline. For Limoss, the U.S. is a top-three market, so crossing our fingers isn't a strategy - we need real options, real fast, before the next plot twist drops." Candice Li, marketing manager of a medical devices maker based in China's southern province of Guangdong, said her first reaction was suspicion and she wondered if the 30% tariff would soon translate to 60%. "As the president of a country, he talks as easily as telling a joke, threatening his credibility," Li said, referring to Trump. Her company had paused deals with U.S. buyers for more than a month, but Li said she now expected clients to resume trade and pay the tariffs. With around 60% of orders coming from the U.S., her company had scaled back work hours and shifts after the tariffs were hiked to 145%. 'People from supporting departments only worked for half of the month, which is equal to a pay cut,' Li said. YEAR-END HOLIDAYS IN FOCUS The timing of the truce is key for some Chinese manufacturers. The month of May is when U.S. retailers traditionally make orders for year-end holidays such as Halloween, Thanksgiving and Christmas. Jessica Guo, who manages a Christmas tree factory in Jinhua in eastern China, said she was scrambling to get orders out. "American clients are particularly anxious for us to ship the Christmas trees, but we can't produce them fast enough. We can only schedule orders until the end of August, but by then, the situation between the U.S. and China is uncertain." Analysts said customers will take the 90-day window of opportunity to ship as many goods as possible into the United States, although the outlook beyond that is uncertain. On Monday, the container shipping industry welcomed the agreement between Washington and Beijing, saying it expected the deal to boost bookings. Some smaller exporters with businesses in emerging markets see opportunities in the U.S.-China agreement. Eileen Xiong, sales director at Dongguan Vdette Information Tech Co, an air purifier manufacturer, said many Chinese exporters focusing on the U.S. market had suspended deals over the past month amid the trade war and that had intensified competition in emerging markets where she operates, such as India, forcing her to lower prices. "We are a small company ... For big brands, they will not give up the U.S. market. They started to put some energy into emerging markets or markets with lower prices. Now, with a better environment, they may focus their attention back to the U.S., leaving less pressure on us," said Xiong. (Reporting By Sophie Yu, Ellen Zhang and Liangping Gao in Beijing; David Kirton in Shenzhen; Writing by Anne Marie Roantree; Editing by Muralikumar Anantharaman) Error in retrieving data Sign in to access your portfolio Error in retrieving data Error in retrieving data Error in retrieving data Error in retrieving data
