Source: Yiwu sourcing agent Author: Gary Date: 2008-08-18
Yiwu is a city built on market. Yiwu small commodity market has experienced five times of relocation,eight times of removal and eleven times of expansion,achieving a leap from the original“roadside market”and “shelter market”to the modern large-scale marketplace.
To build a famous international trade city,it is necessary to target at both the domestic and international markets,integrate the domestic resources with international ones,and lay equal stress on the imp & exp trade and domestic trade,with small commodities fully used as a distinctive feature in the business.“International”is the direction,“trade”the core,and “famous city”the grade. It is the city’s ambition to be the globally most influential distributing center,information center and price-making center for small commodities. Trade is Yiwu’s cornerstone. The city sticks to the strategy of“buying global goods and selling global goods” to see China’s commodities heading for the world and the world’s commodities entering China.
As a rapidly-developing trade city with international fame in central Zhejiang Province,Yiwu has struck out a special path successfully featuring the healthy,steady and coordinating development of regional economy and society,through great efforts in developing small commodity market and vigorously promoting marketization,industrialization and urbanization since the opening-up.“Yiwu Experience”was praised as“a successful model of building a moderately prosperous society in all respects”by CPC Zhejiang provincial committee and the provincial government.
Presently,Yiwu market covers an area of 2.6 million square meters,accommodates 58 thousand booths,and deals in over 400 thousand kinds of commodities belonging to 1,901 categories in 43 industries. If you stay 3 minutes at each booth,and spend 8 business hours touring Yiwu market every day,you will need one year to finish. In the report on China’s development jointly released by the United Nations,the World Bank,Morgan Stanley and other global authoritative agencies,Yiwu is called the “world’s biggest wholesale market of small commodities”.Besides,Yiwu market has been awarded the titles of nationally unique“Quality-oriented and Credibility-based Market”,“Contract-observing and Promise-keeping Market”and“Credit Model Market”.
Every day,there are in the market over 200 thousand active businessmen from all over the country; the number of resident purchasers from over 100 countries and regions exceeds 10,000 and the market’s degree of foreign-orientation reaches over 65%; 12 of the globally top 20 shipping groups set offices in Yiwu,delivering the small commodities to 215 countries and regions. UNHCR (United Nations High Commissioner for Refugees),Chinese Foreign Ministry and Carrefour’s head office have all set up purchasing centers in Yiwu market.
Here,the world’s first wholesale index for daily consumables-“China Yiwu Commodity Index”-is released to the whole world every week,which consolidates and promotes the impact of Yiwu’s small commodity condition on the global small commodity market,and strengthens the speech right of China’s small commodities in price setting,thus becoming“a wind vane”and“a barometer”to show the global price fluctuations in the production and trade of small commodities.
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