Being the only Forex educator in Singapore to have appeared on CNBC more than 35 times with an estimated 350 million viewers worldwide, Mario Singh is a widely sought-after International Forex expert. He is also the only Forex educator given the authority to write a weekly column on My Paper. Mario has also appeared in ChannelNewsAsia, Smart Investor, Your Trading Edge, Personal Money, News Radio, City News, Straits Times, FXStreet and Your Choice. Mario’s unique ability to ‘keep Forex simple’ has also drawn thousands of people from all over the world to attend his Forex trading programs. Known as a brilliant and intense communicator, his entertaining style keeps his audiences spellbound. After graduating from the National University of Singapore, Mario chanced upon the news of how George Soros made 1 billion dollars in one day in the Forex market. Intrigued and inspired, Mario then made up his mind to source out the best Forex traders in the world to teach him the ropes of successful Forex trading. Through persistence and passion, Mario became a profitable trader. He then started pursuing his next dream — helping every ‘man-on-the-street’ to trade profitably in the Forex market. Today, Mario Singh is founder and CEO of FX1 Academy — the first and largest Forex education company in Singapore and Malaysia. He has touched the lives of over 10000 people personally, helping them move closer to their financial goals through Forex trading. Over 10000 people have come from all …
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Development of Yiwu Wholesale Market as an International Hub of Exporting
International wholesale markets of different products are in highly demands for the specific group range of products. Due to easy transportation and shipping services by government and private companies, exporting and importing business has grown to very highly and the statistics is still growing as time. Now day’s people used to get best products from different wholesale market at lower rate to get better quality. This way some of the market in the world has monopoly for certain stuff and people are interested in buying that stuff particular from these places for which they are well known. There are so many benefits of exporting the things from these places without choosing local vendor for the same stuff.
As we all know, when it comes to discussion about different wholesale market in the world, china is far ahead with comparison to other countries due to large man power and manufacturing benefits offered by government. As result, we are having most of the entire product which are mainly manufactured from one of the china manufacturer. If we discuss particularly about stationary and handicraft products, then Yiwu market of it is well known with highly increased exporting ratio and increased in foreign and buyers. Because of these two factors, it got succeed in getting its name in one of the largest wholesale market of the world and an international hub of export. Below are the some of the key features of the market, its products, infrastructure, economy manufacturing strength and easy trading process. Let’s make an analysis of all these factors in detail.
It has great infrastructure with world class luxurious hotels and resorts. You can get nearby location of market as per your business needs and requirement with genuine affordable budget. Infrastructure of the city has shown remarkable growth due to tourism industry and business exporting. Along with the hotels and resorts, there are many ancient tourist places and things you can enjoy fully in the city. Let’s discuss brief about the Yiwu market which is big attraction for business and tourist people.
Yiwu market has been speeded to large area approximately of 240, 0000 square meters which consist of more than 60,000 of retail store of different manufacturer and brands and have more than 9000 manufacturing unit of wholesaler from china and around the world. It has been named as biggest market of the china for the last 15 years. As I have explained before, there is a different commodity for different products. This way the entire market has been divided into sub market. Stationary, handicraft, textile, toys, hand tools, socks, cloths, personal apparels & accessories and electronic are the main commodity or the main market for the products. There are around 3, 20,000 different kinds of products and 500,000 standard containers are being exported for different products to the different countries in the world.
As I have said there is a growing no. of foreign buyers and agencies which have shifted their manufacturing unit in the city and getting manufacturing benefits of government. Due to this investment, it has shown constantly growing economy and development. There are also easy trading processes if you are thinking of starting wholesale business. Some of the professional companies in the market will help you out throughout the entire trading process. Doe to these main features, Yiwu market has got success in getting listed in international market of the world.
Forex: International Grounds
Forex or the shorter name for the foreign exchange market deals with the connections of the currencies. Its main work is to allow the world banks and money repositories to deal with the currencies.
It adds to the trade level and augments to it on an international level. This creates a universal code for business. Thus people in different countries can have trade without having to face much tantrums pertaining to money.
There are comparisons of currencies which are done in forex and the results are stored universally. Thus a company may purchase some amount of another currency in bulk or something.
The vitality of the market is related to following reasons:
* The high amount of trade going on
* Liquidity of the trade and the market
* Owing to the way it is spread throughout the world
* Whole day working hours. This is so because being a global body you cannot relax because it is the trade that is going to be affected once you take a break from the all day round ruining cycle.
* The profit that it keeps itself is not that much as compared to the other markets.
Not just that, this market has been said as an ideal market that can ever exist.
The main factor of this market is the liquidity of the markets and the finance. This makes it the biggest one of the world. The trade is carried on with not just banks and monetary bodies but also with governments. The foreign exchange is a phenomenon whose graph grows exponentially and so does that of forex.
The capital account is the line of classification today. The down lines of the forex could be traded for and this is carried out by many strong footed developed nations. The capital account we are talking about could be easily translated. However if we talk of the under developed nation, this is not favored by them. But few of them have been successful in observing and manipulating the currencies exchange.
Over the past years it has been growing and has been showing a significant contribution to the total volume of the market responsible for exchange.
The trade has shown a considerable increase since the mid of first decade of 2000, which is round about the double of the onset value of the trade. This is mainly due to the fact that the management of funds is gaining importance from the recent times. And also, the trade is not just located to provinces or something, but it is crossing its boundaries which are good for international traders. In this market the process of bargaining is head on between the brokers. The biggest center of the market is supposed to be at London, which has ever growing empire.
Only the top ten constitute for the four-fifth of the total volume of the trade done on international grounds.
Economic Forecast For 2011 And The Effect on International Shipping
There is a lot of good news in the 2011 economic forecasts made by experts in this field, especially when it comes to trade and that will have a big affect on the international shipping world. We’re talking about international freight and intermodal trucking throughout the Midwest not to mention the world. That means the supply chain will be busy in the next year.
Let’s look at the specific numbers. First of all, imports will climb in the next year, according to economic experts. Households are wanting more and more good like footwear and apparel, televisions, and toys, just to name a few. These goods are typically shipping to the United States from Mexico, China, or those countries that had in years past signed onto the Central America Free Trade Agreement. International shipping and all of the transportation and other industries connected to it will continue to grow in 2011. The increase in imports, however, will also have an effect on things like oil prices, which also makes an impact on the trucking industry because of its reliance on fuel.
There is some really great news when it comes to economic growth in general. Business investment and consumer spending are expected to continue its growth into the new year. Companies have increased their equipment purchases this past year and will continue to do so in 2011. The equipment has to come to the business, whether it’s a factory or retail outlet somehow. That could be by ship or a chassis, which is a container car on a train or a tractor trailer. International freightwill undoubtedly get a boost from this economic growth. Drayage will be very important in the upcoming year, especially in the shipping industry and logistics.
With all this positive news, there are bound to be some negatives. The minor increases in growth we’ve seen already were because companies were building their inventory. This, however, is bound to slow in the next quarter, judging by the current pace of spending by consumers. That will have a major impact on the international freight and the trucking world. The supply chain will likely slow again.
Still, economic experts expect that unemployment in the United States will remain relatively high, keeping the economy from growing by leaps and bounds. The Fed expects to see a much lower than expected expansion of the American economy. Unemployment will get slightly better, but that’s only a small comfort. The jobless rate will go no lower than 9 percent. The rate’s at 9.6 these days.
Overall, the nation’s leading economists expect the economy to expand by less than 3 percent in 2011. This year, the economy grew by only 2.6 percent, very disappointing by all concerned.
While there has been a modest increase in consumer spending, shoppers are still holding onto their cash for the most part, especially in the housing, international trade, and manufacturing sectors. Once people start feeling more comfortable in their job, that’s when the economy will start to grow at a noticeable rate. Then all of the industries connected with these industries, specifically international freight and trucking industries will also grow.
You can read all about what’s in store for today’s international and domestic shipping world at the www.utsgrp.com, the website for today’s industry leaders. Universal Transportation Services Group’s website can give you all the information you need to plan in these interesting economic times.
Introduction to Yiwu International Trade City And Yiwu Wholesale Market
There is large no. of wholesale markets in the world. Each one is well known for its specific range of products. Each of this market has its unique rules and regulation to make any kind of business deal of importing any products or starting wholesale business of products for which it is famous for. When it comes to importing or exporting products from any specific country or state, there are plenty of procedures you need to follow and cycle of rules which you have to consider before making any deal. China is well known for its different wholesale market and its products which are being exported to different countries in the world. Here I want to discuss about Yiwu market which is located at middle of the Yiwu city in china.
As we all know that government of china is being very friendly to develop business relationships among different countries. There are also so many manufacturing benefits which encourage foreign investors to start importing products or starting their own manufacturing unit in china. Well we are not discussing about manufacturing benefits, let’s focus our discussion on Yiwu market
As I have explained previously, it is located at the heart of the Yiwu city. The city has great history of its king and they have left remark on the infrastructure of the city. The thing that I like most about the city is its culture which reminds me of its great history and modern infrastructure development which is the mark of its economical growth. Let’s have brief view about the international presence of Yiwu market and its economical growth.
The market is divided in the various sub market according to the various types of products. There is a place from small product to large products in Yiwu market. As I have said the place is divided in sub markets like textile, art and craft, stationary, stock market, tools and toys market. Stationary and handicraft are the products for which it is known for. This way you will have almost all things in one place if thinking about starting your own wholesale business.
There are around 25 to 30 thousands factories and more than 10,000 showrooms of different wholesaler companies. Every year there is a growing digit in foreign buyers and agencies to trade from Yiwu market . Most of all products directly come from supplier so you can have lowest competitive rate no matter in how much quantity you purchase the products. You can also outsource all your products by having your own manufacturing unit in china and get all the benefits as like local Chinese companies. There is no minimum limit on the quantity of the products that you need to purchase. After discussing about its financial presence let’s talk about legal exporting procedures.
You may be bothering about some of the issues like trading procedures, hotel booking, questions regarding to various products and its quality and other required services. If you really want to jump into business then you do not need to worry much. There are some professional trading companies which will provide you professional agents who will help you out through the entire procedure from hotel booking to trading procedures. They will help you in any kind of your issues in making successful business deal on which you get 100 % satisfaction. So this way regarding to its manufacturing benefits and trading facilities, you must consider Yiwu market for importing product from china.
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