China's Yiwu: World's largest wholesale market for daily commodities
40 years ago, Yiwu was a small agricultural county in the middle of Zhejiang Province. Nowadays, the county-level city has become "the world's largest wholesale market for daily commodities."
40 years ago, Yiwu was a small agricultural county in the middle of Zhejiang Province. Nowadays, the county-level city has become "the world's largest wholesale market for daily commodities."
Photo taken on Oct. 23, 2018 shows the night view of Yiwu, east China's Zhejiang province. [Photo/Xinhua]
In 2011, the State Council approved the "Yiwu International Trade Comprehensive Reform Pilot" and gave Yiwu market the autonomy of the first test.
In 2017, Yiwu's small commodity market has ranked first in the national professional market for 26 consecutive years, with a market area of more than 6.4 million square meters, 75,000 business stores, and more than 1.8 million products sold to 210 countries and regions around the world. At the same time, Yiwu optimizes the e-commerce environment and builds a support system for the entire industry of e-commerce. In 2017, Yiwu's e-commerce transaction volume reached 222 billion yuan (32 billion U.S. dollars).
In recent years, Yiwu City has actively responded to the Belt and Road initiative. Nine freight rail routes have been launched from Yiwu to Central Asia, London and Spain, influencing 34 countries and regions, covering about 2,000 kinds of commodities and hardware tools that are made in China. According to statistics, about 15,000 overseas merchants from more than 100 countries and regions are stationed in Yiwu.
Merchant Catalina Salazad (L) from Colombia introduces wedding decorations to purchasers in Yiwu, east China's Zhejiang province, Oct. 22, 2018.[Photo/Xinhua]
Photo taken on Oct. 27, 2018 shows the crane loading a container onto a China-Europe freight train in Yiwu, east China's Zhejiang province. [Photo/Xinhua]
Merchants Guo Jifu (L) and his wife Zhang Yinling pose with certificates of honor in Yiwu, east China's Zhejiang province, May 4, 2017. [Photo/Xinhua]
Combined photo shows a view of Yiwu small commodity market on Oct. 24, 2018 (upper) and Yiwu small commodity market in September of 1982 in Yiwu, east China's Zhejiang province. [Photo/Xinhua]
Participants attend a forum for cross-border e-commerce in Yiwu, east China's Zhejiang province, Oct. 23, 2018. [Photo/Xinhua]
Photo taken on Sept. 8, 2018 shows an entrepreneurial achievement sharing session at Yiwu Industrial and Commercial College in Yiwu, east China's Zhejiang province. [Photo/Xinhua]
Staff members work in an e-commerce company in Yiwu, east China's Zhejiang province, Oct. 25, 2018. [Photo/Xinhua]
Purchasers visit an expo of Yiwu small commodities in Yiwu, east China's Zhejiang province, Oct. 23, 2018. [Photo/Xinhua]
Combined photo shows merchant Feng Aiqian (right in the left photo) selling sunbonnet in Yiwu in 1980s and Feng Aiqian (center in the right photo) of 78 years old visiting a sock store of her grandson in Yiwu, east China's Zhejiang province, Oct. 25, 2018. [Photo/Xinhua]
A cameraman takes a drone picture at Yiwu railway port in Yiwu, east China's Zhejiang province, Oct. 27, 2018. [Photo/Xinhua]
Odnostalchenko Mykola (1st, L), a purchaser from Ukraine, shakes hands with merchants after making a deal in Yiwu, east China's Zhejiang province, Oct. 21, 2018. [Photo/Xinhua]
Purchasers try VR motorcycle games at an expo of Yiwu small commodities in Yiwu, east China's Zhejiang province, Oct. 21, 2018. [Photo/Xinhua]
