Yiwu Small Asset City
Yiwu Small Commodity City lies in Yiwu City, central Zhejiang Province. It covers a location of 1,105 square kilometers and has an irreversible population of 1.23 million. In the wave of financial globalization, Yiwu has actually increased to come to be the global authority of the United Nations, the World Financial Institution, and Morgan Stanley. The largest little asset wholesale market" is world-renowned.
Yiwu took the lead in opening the tiny commodity market in 1982 as well as stuck to the development strategy of "building a city with commerce". In 1995, it was called as China Product City by the State Administration for Industry and also Business. In 2011, it was approved by the State Council as a test unique area for worldwide trade qualification reform. It has a company area of more than 5.5 million square meters and also includes 4 major markets: International Profession City, Yuyuan Market, Binwang Market and International Production Market. There are 75,000 service areas, more than 210,000 staff members, and also over 210,000 everyday visitors. It runs 26 major groups, 4202 categories, 33,217 fine groups, and also greater than 1.8 million single products. Yiwu Small Product Market has greater than 219 nations as well as regions in terms of asset radiation, and markets in Southeast Asia, the Center East, Europe and also the USA. The annual export volume has actually gotten to greater than 60% of the total turn over. Among them, inventions, accessories, hardware, glasses and also other helpful industries accounted for greater than 70% of the industry's sales; the AQSIQ granted the "Quality, Shou trustworthiness" market honorary title.
Yiwu Small Product City is the blood circulation, research, and development as well as exhibition center of global tiny assets, and is the largest export base for tiny assets in China. Here, the globe's initial consumer goods wholesale index, "China Yiwu Small Commodity Index," is launched to the world on a regular basis. The issuance of the index, even more, settles and boosts the impact of Yiwu product market on the international little asset market, improves China's tiny assets' worldwide right to speak, and ends up being a distinct coordinate worldwide trade social system.
