Yiwu, a small city in the middle of zhejiang province of China, is famous for its biggest small commodity markets. As the world’s largest small commodity market , currently most markets have already moved into International Trading Centre. Most people get to know YiWu from its small commodities. Here you can find all kinds of small commodities with competitive price and reliabel quality. In other words, small commodities make Yiwu a famous place in this ten years both in our contry and in foreign countries.

In the early Qianlong Year,Yiwu farmers began business activities by using the chicken-feather to change for sugar. It is the beginning of yiwu commodity business. Since the reform and opening policy carried out, Yiwu has decided to use the commodity industry as a main force to drive regional economy thus to have itself become a large market city and strong economy city from a traditional agricultural small county. Today, Yiwu appears a prosperous scene with a flourishing market, developing economy and steady society. The commodity industry has been leading industry in the regional economy. Yiwu market has been an international commodity distribution center and a important base for foreign merchants to purchase commodity. The industrial economy is rapidly aggregating and strengthening, and currently has developed and is exploiting industrial park areas of 64 square kilometers, with more than 1300 enterprises. It has also cultivated a group of predominant industries, scale enterprises and famous products of socks, ornaments, zippers, cosmetics, shirts, cultural articles, pen-making, toys, etc, formed industrial developing structure of small commodity, large industry, small enterprise, and large colonization. Efficient agriculture steadily develops, and traditional agriculture is rapidly shifting to modern agriculture, city agriculture and external agriculture.With core of the policy to develop, strengthen, centralize, promote and base developments on the tenet of exert market predominance. Yiwu is constructing industrial development situations of small commodity, large industry, small enterprise, and large colonization, while cultivating excellent industries and products such as garment, knitting, ornament, color printing, zipper etc., and forming a regionally characteristic economic area. In the future, Yiwu commodity market will develop in all multiaspect, exploits and innovates, puts forward the aim of walking in giant steps, and strives to become in the top 10 of world commodity fairs in the next 20 years and construct a truly international commodity city.

The domestic market is the root, and the international market is the flower and fruit. Injecting the Chinese national culture elements into commodity, let “small commodity” include “big culture”, Yiwu commodity market will conquer the world.

Yiwu foreign company sector exceeded 3000

According to Yiwu goverment statistics, there are currently more than 13,000 permanent Yiwu foreign company departments. By of the end of 2010, the number of resident offices of Yiwu foreign company has reached 3008, which ranked the first in all counties of China.

Yiwu has a well-known commodity market, it was called “the world’s largest small commodity wholesale market” in a report released by the United Nations, the World Bank and Morgan Stanley.

Jordanian businessman Mohamed Bata run a Rep. business office in China famous commodity city Yiwu.,doing artificial crafts business.Every week there are goods sent from here to the Middle East market.

“All the goods that Jordan market needed can be found in Yiwu. Yiwu market not only has fair prices, but also ensure on time delivery and quality” Bata told reporters, “This is the reason why I choose to set up representive office to purchase goods in Yiwu. ”

Currently, the direct and indirect transactions on Yiwu Small Commodity market is over 30 billion US dollars and Yiwu goods has exported to 215 countries and territories worldwide. In the whole year of 2010, the number of small commodity exported has reached 576,000 TEUs under Yiwu customs supervision, which increase 57,000 TEUs over the previous year.

Among the 3008 Yiwu foreign company representative offices, there are almost 80% rep. offices that come from Asian countries, and another 10% come from African countries. In addition, there are rep. offices from Europe, America and Oceania. From the view of country and region, they are mainly from Pakistan, Iraq, United Arab Emirates, Afghanistan, Korea, Egypt, Jordan, Yemen, India, Hong Kong and other countries and regions,and the number of Yiwu foreign company representative offices is still increasing.

Now, Yiwu has become an important international inland port of Zhejiang Province, the largest LTL freight loading logistics center. Latest data shows that this year from January to october, Yiwu international logistics center has completed 486,000 TEUs container operations, getting an comparative growth rate of 35.5%. China Shipping, CMA CGM of France, American President Lines, and other global shipping companies have set branch offices and agencies in Yiwu. All this have greatly contributed to intergration with the mainstream global logistics network. At the same time, leaded by the four international express global giants, United Parcel Service (UPS), TNT Express (TNT), Federal Express (FEDEX) and DHL Express (DHL), more than 60 express companies established branches or offices in Yiwu.

Municipal government attaches great importance to the development of modern logistics and regard the developing of regional logistics as an important content in building famous international business city, They propose strategic goals of building “Yiwu Port” and constructing regional logistics nodes city of China. Directing at the characteristics of small wares, Yiwu Customs head office specifically make “tourist shopping goods” policy and simplify the classification. The customs cooperate with Ningbo Customs and creat the model of “allopatry customs clearance and port release”, which opens the fast export channel through Shanghai port and Ningbo port. In 2007, the Yi wu western railway station runs international containers trains from Yiwu to Manchuria and Russia. Yiwu temporary air port have been openned for 4 years. And the government have opened to and fro air line from Yiwu to Hong Kong, which lay a good foundation for the opening of international flight in the future.