China Eastern Silk Market-The Sales Volume Achieved 14.487 Billion Yuan, Increased By 18.95% for the First Quarter

With the pace of spring, China Eastern Silk Market also entered their prosperous season. In the first quarter of this year (January 2011- March 2011), Eastern Silk Market achieved 14.487 billion Yuan for the sales volume, increased by 18.95% on year-on-year basis. The inflow volume of accumulated funds reached 58.250 billion Yuan, which increased 11.78% compared with the same period of last year. Another new 258 dealer have registered in the market and the newly-added registered capital increased to 908 million Yuan.

As the opening year of the twelfth “Five-year Plan”, China Eastern Silk Market is also welcoming its 25^th anniversary at the very year. Since entering 2011, guided by scientific thought of development, the Party and Working Committee and the Management Committee of China Eastern Silk Market plan to accelerate market transformation and upgrading, the development of innovative economy and find new ideas and methods to nurturing modern service industry. Besides, they are also actively looking for new measures to enhance the market outward power, reputation, and influence in the post-crisis era.

Member of Municipal Committee, Party Secretary of Shengze Town, the party committee secretary of China Eastern Silk Market, Mr. Li Jianjiong emphasizes in this year's commending conference: the market economy transformation and upgrading is the most important task of the economic jobs in Shengze. This year, the market will continue to build our town with the goal of "the No.1 Fabrics Market in China" and “No.1 Town of China Textile Trade", to further enhance the market share of finished products trading, direct exports, brand quality and to promote market trading format and the service function of the market.

Centered on international, intensive, branding, and low carbon building standards, China Eastern Silk Market focuses on investment and financing, classification of the market; environmental transition of the market, building its own brand, organizing functions and promoting the market by intermediary agents. With setting up offices in different specialized markets in China, the market is planning to attract customers to make investment in the market; with subdividing the market functions, it tries to refresh itself with modern format; with further promotion of the market integrity, and optimization of the external business environment, the market is making efforts to stride forward the national civilized market; With phasing out of low value-added products, the market is further enhancing investments and development efforts on fashion fabrics, and researching high value-added products with market potential; With symbolizing the Finished Fabric Mall, the market committee will held more than three business meetings in every month in order to improve vitality of the market and stimulate the sales on market; On the basis of successfully opening the office of CCPIT- Suzhou Branch, the market will introduce the departments including customs, quality inspection, foreign exchange management, as well as some high-level agencies, particularly the headquarters of foreign trade institutions to set up permanent service agents in the market to enhance market class and service level.

The investment work has always been a top priority of all the constructional projects of China Eastern Silk Market. This year, the market strengthens the cooperation with industry associations, the communications of fraternal professional markets, and the contact with brand investors at home and abroad. Moreover, the market management committee and the association will work with Jiangsu Garment Association, Fashion Color Association of Jiangsu Province," China Textile News" to invite investors from the textile industrial base like Humen, Shenzhen, Shandong, Fujian, Anhui, Hebei Baigou, and Zhejiang Keqiao to come and communicate with traders here.

On the basis of the previous two years, the market management committee announced a new year-based “Preferential Methods for Development and Promotion” to public. This method enlarges the extent of privileges and incentives. In addition to the continuous rewards of taxation, trades, exportation, exhibitions and etc. for the merchants in the market, the committee will also organize investment activities, help the merchants to participate in online transactions, and introduce them to move in Shengze Logistics Center. The Management Committee of Eastern Silk Market will spare no effort to vigorously support the development of enterprises. It is reported that in 2010 there are 2,070 dealers in the market who enjoyed the taxation privilege, 39.6 million Yuan preferential amount have been encashed.