About Yiwu China Commodities market
About Yiwu China Commodities market
Huge Scale & High Standard.
Covering a total business area of 2.6 million square meters with 58,000 booths and 200,000 business people, Yiwu Market gathers over 400,000 kinds of commodities. The 1 st and 2 nd Phase of International Trade City boast complete functional facilities, including modern logistic, e-business, international trade, financial services, etc, have become the highest specialized markets for their modernization, informationalization and internationalization. Invested 10 billion yuan, the 3 rd Phase of International Trade City is under construction, expecting to open in the October of 2008.
High Quality & Low Price.
The market has attracted over 6,000 agencies and distributors of famous brands. Since the motto "keep honesty and credit, run business legally" has been a common sense, China Commodities market is awarded "Value quality, honor credibility" by AQSIQ, the only one in China¡ê?
Exporting Economy & Strong Radiation.
The export volume in Yiwu Market has reached over 60% of the total amount. According to the Ministry of Commerce, PRC, among all the 220 countries and regions that have trade relations with China, 212 has established business with Yiwu. More than 8,000 overseas businessmen from over 100 countries and regions reside in Yiwu permanently for sourcing, 939 foreign business agencies have been set up in Yiwu, and over 9,000 bank accounts have been opened by foreigners in Yiwu as well. The Ministry of Foreign Affairs, UNHCR and over 20 multinational chain supermarkets have set up their purchasing information centers in Yiwu . The city has built up the largest distribution center, demonstration center and price-publish center for daily-use commodities in the world, has become an important base for export.
New business operation & powerful promotion force.
The organizing structure of Yiwu market has transferred from traditional rural booths into a brand new modern international wholesale market. The function has developed from simple goods transfer to products demonstration, information gathering, price making and products innovation. The settlement has changed from cash and in stock goods exchange into modern settlement like ordering, e-business and logistic. Based on the big market, exhibition, logistic and shopping tour have become the new developing industries. In 2006, Yiwu organized over 80 conventions and exhibitions, the 2006 China Yiwu International Commodities Fair, for example, set up 4,000 international standard booths and realized 9.45 billion RMB, in which the export volume took up about 66%. Nowadays, there are over 600 domestic freight companies in Yiwu, 12 out of world's top 20 ocean shipping groups have set up agencies in Yiwu as well. For the past 3 years, standard containers exported from Yiwu Custom increased 74% annually, and the maximum daily amount reached 2,500 containers, making Yiwu Custom one of the largest inland customs in China. Yiwu International Trade City was selected as one of the 4-A rank scenic spots in China, in the year 2006, all together 4.37 million person-time tourists visited Yiwu, 260,000 of them were foreigners.
Steady Development & promising future.
China Commodities City realized a trade volume of 31.5 billion RMB in 2006, ranks the first among all the large distribution markets in China for 16 successive years, has become t he largest distribution center, demonstration center.