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Yiwu Small Product City

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Yiwu Small Product City

Yiwu Small Asset City lies in Yiwu City, central Zhejiang District. It covers an area of 1,105 square kilometers as well as has a long-term populace of 1.23 million. In the wave of economic globalization, Yiwu has actually risen to end up being the worldwide authority of the United Nations, the World Bank, and Morgan Stanley. The largest tiny commodity wholesale market" is world-renowned.

Yiwu took the lead in opening up the little commodity market in 1982 and also abided by the advanced technique of "building a city with business". In 1995, it was named as China Asset City by the State Management for Market and Business. In 2011, it was authorized by the State Council as a test special zone for global profession certification reform. It has a business area of greater than 5.5 million square meters and includes four major markets: International Trade City, Yuyuan Market, Binwang Market as well as International Manufacturing Market. There are 75,000 service places, more than 210,000 employees, and also over 210,000 everyday site visitors. It runs 26 significant classifications, 4202 classifications, 33,217 fine groups, and greater than 1.8 million solitary products. Yiwu Small Commodity Market has more than 219 nations and also areas in regards to product radiation, and also markets in Southeast Asia, the Middle East, Europe and also the USA. The yearly export volume has reached more than 60% of the overall turnover. Among them, handicrafts, accessories, equipment, glasses and also various other beneficial industries made up greater than 70% of the sector's sales; the AQSIQ awarded the "Quality, Shou reputation" market honorary title.

Yiwu Small Product City is the blood circulation, r & d and exhibit center for global tiny assets, as well as is the biggest export base for small assets in China. Here, the globe's very first durable goods wholesale index, "China Yiwu Small Asset Index," is launched to the globe on a regular basis. The issuance of the index, even more, combines and also improves the influence of Yiwu commodity market on the global little product market, enhances China's tiny commodities' international right to speak, and also becomes a distinctive coordinate on the planet profession social system.

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