Yiwu Influence commodity markets

Honors In 2005, the United Nations, the World Bank, Morgan Stanley and other world authorities jointly released a report on China's development, saying "Yiwu is the largest small commodity wholesale market." Yiwu market was awarded the country's only "quality, the word" market, "Shou contract, re-credit" and "credit model market" title. In 2008, Yiwu market face difficulties to achieve steady development, bazaars turnover reached 49.23 billion yuan, an increase of 6.83%. China Commodity City turnover of 38.181 billion yuan, an increase of 9.6%. Driven by the China Commodity City contrarian growth, the city's other types of market development is also very active in the city's market turnover of 13 billion yuan, turnover of 10 billion yuan market 5. By the end of 2008, the Yiwu market turnover has been 18 consecutive years ranked top in major professional market. Every day, there are two hundred thousand troops from across the country to do business active in the market; where foreign permanent Yiwu procurement of goods more than 10,000.

At present, Yiwu market, export more than 500,000 TEUs exported 215 countries and regions; number of approved foreign enterprises to set up offices in Yiwu, 2300; foreign merchants opened bank accounts in Yiwu over 9000; UNHCR, diplomatic Department of gift shopping at Carrefour Asian headquarters were established in Yiwu Wholesale Market procurement centers, Europe and other developed countries has become an important export market for commodities, Yiwu, where each year to hold more than 40 professional exhibition. In Yiwu, a fully equipped international logistics center and five professional freight market, there are more than 600 domestic and international freight business unit, the world's top 20 shipping Group has 15 offices here, opened more than 250 cities freight business, five railway lines, more than 20 routes. Yiwu, Zhejiang provincial government was identified as one of the "customs clearance" focus on the province's construction of three. Here, the weekly published the world's first global consumer goods wholesale index - "China yiwu city Small Commodity Index." Index release further consolidate and enhance the global commodity market Yiwu market influence, enhance the China Commodity given the right to speak on the global, its release will certainly become the world trade system in a distinctive cultural coordinates.