Sceveral suggestions on Yiwu Market's future develpment

Source: Yiwu sourcing agent    Author: Gary      Date: 2008-03-12

Yiwu should focus on improving its own strength and solidify the parent status of Yiwu market by fostering new fields, creating new market functions, enhancing the core competitive abilities, exerting the comprehensive effects and expanding the space for market to develop.
Huang Shilin,member of the Party Committee of Yiwu Municipal Bureau of Market & Trade
Development, said that to promote the competitiveness of Yiwu market in China and in the
world, Yiwu must constantly strengthen the clusterization and make it an advantage of Yiwu
markets. Yiwu should speed up the construction of specialized markets like Binwang non-staple.
Food Market, Furniture Market, Wood Market and so on.Meanwhile, the preparation work for rebuilding Huangyuan Market, Knitting Market, Binwang Market should be started at once. Yiwu should continue it seffortin prospering such specialized market as Decoration Market, Materials Market, Farming Product City and open up some new markets dealing in raw materials, semi-finished products, and spare parts. In this way Yiwu can develop new
advantages in market economy. Machinery and raw material industries were developed early in
Yiwu, but they were not enlarged during the expansion period. Now it is another round of
industry development. With Yiwu's influence in China and all over the world, capital goods
enterprises from other places intend to make use of Yiwu's foreign trade platform to increase trade volume. Therefore, setting up an international materials market in Yiwu is well timed.
Yiwu should continue its strategy of "Industry and Trade Promoting Each Other " and develop
more industries to serve the market. Facing some restraining factors like " land bottleneck
", Yiwu should try to get support from higher authorities and be aware of the importance
and necessity of industrial upgrade. At present, Yiwu is at the point of industrial upgrading and development model innovation. In the long run, the contradiction of industrial quality and structure will be more prominent. Low level industries will not only waste a lot of valuable resources but also occupy developing room and it will result in lots of problems in economic and social administration. Therefore,Yiwu should take effective measures to accelerate the optimization and upgrading of industries,such as developing modern service industry,promoting technological innovation,and providing better environment for better
industries.
The key factor of the market's prosperity and development is people. After few decades'
development, numerous businessmen have grown up,but quite a lot of them businessmen remain to be improved in personal quality. So it is necessary to set up a first class marketing regulation system to foster a team of first class businessmen for the market.Only when the general quality and awareness of civilization of those entrepreneurs and businessmen have been improved,can the business culture of Yiwu be accumulated.Meanwhile, businessmen should be encouraged to explore more business chances through internet and promote corporatization.

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