About Yiwu
Located in the center of Zhejiang Province, Yiwu covers a total area of 1,105 sqkm, Among the population of Yiwu, 700,000 are permanent residents, while 1 million are non-native residents, As a rising commercial city with a long history of 2,200 years, the charming Yiwu boasts its time-honored culture of commerce and is now full of business opportunities. Since China’s reform and opening to the outside world, Yiwu has adopted a strategy to realize prosperity through commerce and trade. It has stepped up efforts to promote markettization, industrialization and internationalization, modernize the city infrastructure, and better integrate the development of urban and rural areas. Yiwu has blazed a new trail that coordinates the development of regional economy and society, which has been recognized as the “yiwu Development Experience”. Today ,the per capita GDP of Yiwu exceeds USD 5,500; its overall competitiveness ranks the top amony Zhejiang’s county-level cities and the 12th in the Top of 100Cities and Counties in China.
A Rapid Developing City
Yiwu boasts long history as well as profound culture accumulation; it was set up a county in BC 222,and transformed to Yiwu Municipality in 1998, on this land, talents were born generation and generations. Such as Luo bingwang, one for four outstanding poets in early Tang Dynasty. Zong ze, a well-known general of Song Dynasty; Zhu Danxi, one of the famous doctors in Jin & Yuan Period; as well as Chen wangdao, a modern educationalist; Feng xuefeng, a theoretician of literature and arts; Wu Han, a famous historian, etc
<p>Yiwu is a city developing with the dependence on the market In 1982,Yiwu firstly set up the commodities wholesale markets, form the on, in over 20 years, yiwu has persisted in its development strategy of building the city on commerce, taken the flourishing development of China Commodities City as a engine for its social economic and energetically promoted mercerization, indoctrination, urbanization and internationalization. Now, the markets which cover an area of 2.6 million square meters contain 58,000 booths and are attracting over 200,000 customers-times daily. The trade volume of China Commodities City ranks the top for 15 successive years since 1991 in specialized industrial products wholesale market in China. Some person has made his conclusion after calculations that one minutes stay in every booth, 8 hours a day, it will cost more than three months in walking all over the China Commodities City.
In August 2005, its was said in a China Developing Report, which is issued by U.N. World Bank. Morgan Stanley, and other authority organizations, that “Yiwu is the largest commodities wholesale market in the world.”
It is obvious that more and more international labor-intensive industries has been transferred to China with an amazing speed, and along with the deep and large-scale transfer of technologies, capitals, talents and other market elements, Yiwu’s role in the international industry has been enhanced; you can find more and more commodities as well as traditional products in medium and high grade made by U.S.A., U,K, Germany, India, Japan, Brazil, Pakistan and other countries and regions in Yiwu. Taiwan, Hongkong, Korea even successively set up their special halls with their local features for the interacted development of carrying trade and exportation trade. The mode of “Buy the global, sell to global” has soon make the young and flourishing city becomes a worldwide brand.