The Yiwu Market Credit Composite Index Report was issued by Yiwu Municipal Administration for Industry and Commerce on August 31 . And the Yiwu market credit composite index reached 134 . 25 points in July which was the highest in history .
The Yiwu market credit composite index reflects the market credit fluctuation in Yiwu which is released monthly covering 8 categories and 10 industries.
In July the financial credit had a month-on-month increase of 12 .04% to 117 . 97 which became the largest growth among all indexes . The indexes of commodity quality，market environment， fair play，and profit growth improved by 2 . 39%、1 . 91%、0 . 96% and 0 . 42% respectively . Andthe three indexes，consumer rights protection，market players’quality and intellectual property right，fell by 0.20%、0.40% and 5.98% respectively .
The rise of financial credit index in July was mainly caused by the increase of bank credit input and shrinkage of non-performing loans，sources with the administration for commerce and industry in Yiwu said .
The change of financial credit index was mainly influenced by nonperforming loans，said Zhang Zheng，director of China Credit Research Center of Peking University . In his eyes， great importance is attached to the credit by Yiwu businessmen and they performed well with their loans so that the r a t e of nonperforming loans was approximately 1% in the previous years. After the financial crisis，the world economy declined and China’s economy was affected greatly as well . The capital shortage and even breakdown of capital chains contributed to the rise of non-performing loans and fall of average loan confidence of enterprises，which later led to the drop of index.
Affected by the financial crisis，the financial credit index was below the average line (100) from August 2008 to March 2010 and it even fell to 79 . 93 points in December 2008 . The financial credit index recovered to the average level and rose gradually from April this year.
Zhang Zheng said that the new record of Yiwu market credit composite index shows the weakening influence of financial crisis as well as the rapid recovery of Yiwu economy
