Yiwu International Trade City | Yiwu Commodity Market

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International Trade City

Yiwu International Trade city  is developed after a long effort of 30 years.

In all these years thousands of stalls have come into existence which is stuffed with millions of  products. With more than four market complexes within its premises, Yiwu commodity market  has come of age and is now acknowledged as the biggest wholesale market in the world. It becomes center of approx 1,50,000 visitors every day. It is called as Futian Market.

Yiwu International Trade City – District 1

This is the biggest of all the other districts. The seven year old market has world-class infrastructure covering a vast area and thousands of shops. In fact, these all stalls are into exporting their products. The best thing is that most of the people can communicate a little in English.

This part of the market houses shipping agents, various eateries and banks etc. Therefore, sourcing from here is quite easy. First floor deals with toys and artificial flowers; second floor is for jewelry and lots more is there to explore. However, fourth floor is only for factory outlets and the variety is also limited here.

Yiwu International Trade City – District 2

It’s a 5-storey- building and has an area of more than 600,000 m2. There are over 10,000 shops on just three floors. Floor one deals into rainwear, bags & brief cases, umbrellas, are located. Locks and auto products, hardware and hardware accessories, electrical accessories can be found on floor two. A lot is there on the third floor for the ones yearning to buy miscellaneous stuff for their homes.

And the fourth floor here too houses factory outlets. Hong Kong Mall, South Korean Mall and Sichuan Mall are also located on this floor. In District 2 there are shipping agents, banks, restaurants, telecom companies and a four-star hotel.

Yiwu International Trade City – District 3

District 3 is a five-storey building spread across 460,000 m2 with over 7000 shop fronts. Different floors deal into different products. First floor and second floor are for pens, glasses, sports products, office articles and paper products. Third floor and 4th floor are for cosmetics and the products used in fashion industry. Facilities like accommodation, catering and entertainment, logistics, banking, are also there in this district.

Yiwu International Trade City – District 4

This is the youngest and well-developed district of all. Its total area covers 1,008,000 m2 and has over 19,000 shops. This district is greener and environmental-friendly. First floor is for socks and the second r is for textile, gloves, and hats. Third floor is for shoes, ribbons, laces, ties, threads, and towels. Fourth floor deals into bras, under wears, belts, and shawls. It is replete with various amenities for entertainment and even energy saving systems.

Given the huge markets in Yiwu City, make sure you sport comfortable outfits to avoid any fatigue.

 

Yiwu,No.1 of China’s Top 10 Market Cities

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According to the third China commodity Market Summit, Yiwu is No.1 of China’s Top 10 Market Cities, and meanwhile both the China Commodity City(CCC) of Yiwu and Yiwu Decoration City rank first respectively among China’s Top 10 advanced Markets and China’s Top 10 New-star Markets.

For more intensive studies of the commodity market, scientific researchers of the Institute of Finance & Trade Economics (IFTE), Chinese Academy of Social Sciences (CASS), worked together for over 2 years with experts and scholars from research institution, universities, guilds, business administration departments for the Bluebook of Commmodity Market Development in China through on-the-spot investigation, interview, discussion,questionnaire, secondhand data collection, etc. They studied more than 300 markets in different areas, types, industries and development stages, and produced 7 different lists of award winners for the year 2007 related to China commodity markets:China’s Top10 Market Cities, China’s Top 10 Advanced Markets, China’s Top 10 Brand Markets,China’s Top 10 Innovation Markets,China’s Top 10 New-star Markets,China’s Top 10  Markets Worthies and China’s Top 10 Zhejiang Businessmen Outstanding in Foreign Investment Market.
It is learned that the top 10 market cities are Yiwu City,Yongkang City, Shaoxing City,Haining City,Tongxiang City, Foshan City,Shouguang City, Linyi City, Changzhou City and Wujiang City.
The volume of business of Yiwu commodities has been No.1 among national markets for 15 years and this year CCC is No.1 of the Top 10 Advanced Markets. Having developed for 10 years, relying on Yiwu international trade city, Yiwu Decoration City is becoming a shining star among decoration markets in Yiwu and even in China. Decoration commodities reach more than 10 provinces and cities like Shandong, Jiangsu,Anhui, Jiangxi,Sichuan,Guizhou, Shanghai and Beijing. The yearly volume of business reached 60 million yuan from 2001 to 2005 and the volume of business exceeded 100 million yuan in 2006. For all this, YiwuDecoration City is ranked No.1 of China’s Top 10 New-star Markets.
The list shows that Yiwu is becoming the leader of over 300 markets in China as well as the bank of market management talents. The list also shows that over half of the top ten market cities are those in Zhejiang Province. It is said that 16 markets in Zhejiang were awarded various grand prizes for China’s best commodities markets in 2007.

Zhejiang Yiwu, a primary school was robbed killed Reward for collecting clues to solve the case

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BEIJING, Jinhua, Yiwu, Zhejiang, March 22 (Reporter Hu Xuming correspondent Chen Zhengming),

Dachen primary school a first grade students being hijacked in the early morning of March 19 and brutal murder. Yiwu police have issued a reward notice, collecting clues to solve the case to the community. Provide clues to help solve the case of the public to give 20,000 yuan award, members of the public found Richie bags and shoes to give 2000 yuan reward.

According to Yiwu police, the victim Richie (a pseudonym) Shangrao, Jiangxi Province, this year’s eight-year-old, from home to the second half of last year, Yiwu reading. To Yiwu, his parents, aunt and aunt have been Dachen work for many years, my sister thought (a pseudonym) has been promoted to Dachen sixth grade school.

 

Rao master of

Richie’s father, a garment factory workers, family rental in Dachen near the village committee, just ten minutes walk to Tai Chen Primary School. Every morning, Rao master got up to help Richie get dressed after breakfast money will be handed over to small thinking, the siblings go to school together.

about 6:30 on the morning of March 19, small thinking and Richie as usual out of doors. 1 hour after being sleep wake the Zs Rao master burst of rapid ringing of the phone. The phone is Richie’s class teacher, asked Richie how not to go to school. Master Rao Yi Gulu out of bed, my heart filled with a burst of foreboding.

Rao master arrived Richie classroom, his seat is really empty. Reith said, because her breakfast like to eat instant noodles, Richie likes to eat fried rice, and parted before about 200 meters from the school several breakfast. Several students said they had seen Richie in a breakfast to eat breakfast, do not know where he went.

Richie missing Master Rao around Greater Chen Primary School to find four or five laps, but had never found a trace of him. Rao master residence and large primary school between the rear mountain, the mountain one day Tianmen. The child will go to the mountain temple to play it?

the steps of the mountain along the rear did not go far, Rao master a distraction sky blue umbrellas scattered on the ground, it is taken away small Qi Qingchen out. Tianmen Temple and did not find the figure of Richie. He hurried to the local police reported the matter.

19 noon, March 20, Richie aunt found a reservoir in the Peak. The reservoir was built in a shabby brick house within an area of ​​approximately 20 square meters, only a small opening to enter. Because the water is very turbid, and she got a branch military, mired for a while, Richie’s a sports shoe floating up.

Rao master jumped into the waist of the sewage and Richie fishing up, he has not any vital signs.

“Later, we find the mountain several times, but could not find Richie’s bag and the other shoe.” Rao said the master.

through the Yiwu Municipal Public Security Bureau of Criminal Investigation Brigade forensic site investigation identified Richie Department have been killed.

According to Rao, the master, he and his wife Dachen work has been in 2056. While working businesses and house rented for a few times, but always with people whom have never uttered a contradiction, red face. Children who have nothing valuable things really do not know who to him under this murderous? “He said bitterly.

 

At present,

Yiwu police are over this homicide investigation. As soon as the murderer to justice, the police has been released reward notice also urged the murderer gave himself up as soon as possible to fight for clemency. (End)

Yiwu import and export steady growth in clothing and accessories

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From Yiwu Customs data show that from January to February this year, Yiwu foreign trade import and export value of $ 520 million, an increase of 8.7%, an average increase of 5 percentage points higher than the import and export of Zhejiang Province. Which exports $ 470 million, an increase of 7.3%, imports of $ 053 million, an increase of 22.1%. In February, the import and export of Yiwu $ 130 million, down 7.9 percent; imports of $ 028 million, an increase of 53.3%. Among them, the clothing and accessories exports still dominates exports totaling $ 210 million, accounting for 45% of the total export of Yiwu.

Affected by the debt crisis in Europe, Yiwu, the largest export market for EU exports decline, the first two months of this year fell by 2.4%. Over the same period, the U.S. market to maintain sustained growth, total exports of $ 78,660,000, an increase of 17.2%. From the structure of export products, apparel and clothing accessories, electronic products, textile yarn, fabrics and products, still occupy the top three export of Yiwu. In addition, the rapid momentum of growth in machinery and electronic products, total exports of $ 58,160,000, an increase of 34.4%.

Yiwu Customs staff believes that this year, Yiwu export situation is not optimistic. Not conducive to all kinds of foreign trade of the factors that continue to exist, such as the situation remains volatile in the Middle East, the main consumer countries do not have to show strong signs of recovery in the international market is tepid. It is worth mentioning, Europe and the United States trade protectionism is clearly on the rise, and frequent anti-dumping investigations against Chinese products, and to impose punitive tariffs, trade barriers continue to upgrade. China has become the biggest victims of the United States and Europe to the abuse of trade protection measures.

In this regard, the industry recommendations: to continue to maintain the price advantage of Yiwu, product innovation and value innovation can quickly enhance the profit margins of the small commodities. In addition, to take full advantage of state tax policy, might as well go out for international investment.

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Location of Yiwu

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Yiwu is situated in the central Zhejiang Province, connecting Guangdong and Fujian on the south and Shanghai on the north. It is 300 km to Shanghai and 120 km to Hangzhou, the capital of Zhejiang. Transportation is convenient with highway and railway connecting most big and medium-sized cities. Over 20 airlines have been opened to big cities like Beijing, Hongkong, Guangzhou, etc.