Source: Yiwu sourcing agent Author: Gary Date: 2008-02-27
930 billion yuan! The reporter learned today from Zhejiang Administration for Industry & Commerce that now there are 4096 commodity markets in Zhejiang province and their turnover in 2007, for the first time,exceeds 900 billion Yuan,13.1% more than that in 2006.Among those,there are 133 markets,each of which the trade volume exceeds 1 billion yuan and 15 markets each exceeds 10 billion Yuan.The Yiwu market is the more importent one.The number of such markets increases by 8 and 2 respectively compared with last year.
Analyzed by a relative leading official from Zhejiang Administration for Industry&Commerce, the reasons for the sustainable and healthy development of Zhejiang Markets are as following five factors:
Leading markets make great profit,of which
Yiwu China Commodity City,whose turnover in 2007 reached 34.8 billion Yuan,ranks first among all markets in China for 17 years in succession.
Online markets develop rapidly.Now,there are 163 Zhejiang markets with websites and there are 6 online trade markets with over 36,000 online traders,and the online trade volume reaches 79.6 billion yuan.
Indexation stage has played its part,such as small commodity index,cocoon and silk index,plastic index,textile index,and so on.Since January this year,
Yiwu has published"market credit index",the first one ever published in China.Based on the publication of indices,it greatly strengthens Zhejiang market in international competition and the right of speech in the matter.
Electronic settlement is just beginning to take shape.The electronic payment changes the traditional business way that's "You give me the money, I'll get you the goods".It has been new scenery that farmers now brush cards in the wholesale market for products.
Exhibitions promote economic growth.In 2007,113 sales exhibitions were held in Zhejiang,37 more than that in 2006.The shows involved 56,000 exhibitors,and its turnover reached 36.6 billion Yuan.
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