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Yiwu is located in the central area of Zhejiang province with a total land area of 1,105 square kilometers. The whole city governs 8 towns and 5 subdistricts, has a population of 670,000 registered as local domiciliary and 1000,000 as external temporary. Yiwu has a long history. It was in the 25th of Ying Zheng of Qin Dynasty (B.C. 222), was in Wushang County, in the 7th of Wu De of Tang Dynasty (A.D. 624), and was changed as Yiwu, in 1998, when it was established as a City. From old times, Yiwu has gained the honor of being the Home of: Culture, Luo Binwang - one of the Four Outstanding Persons in Early Tang Dynasty, Zong Ze - the famous Anti-Jin General of Song Dynasty, and Zhu Danxi - one of the four famous doctors of Jin and Yuan Dynasty. In modern times, Yiwu has produced educationist Chen Wangdao, literature theorist Feng Xuefeng and historian Wu Han, among others.About yiwu market
Crowned as “a sea of commodities and a paradise for shoppers”, Yiwu of china boasts an aggregate market floor area of 2.6 million square meters with 53,000 booths and 200,000 persons engaging in business. The market gathers 320,000 varieties of goods of 1,502 categories from 34 trades (notes: there are 500,000 varieties of goods in the world as released by UN).From 1991, its market turnover has tanked the first among all the large special markets throughout the country for 14 years running. In 2003, the total turnover of commodities city was 24.83 billion yuan, which are 8.4% and 8% increase compared with the previous year respectively. Besides, China Commodities City was the only market awarded the honorary title of “emphasizing quality, keeping faith “by State Bureau of Quality Supervision and State Administration of Inspection and Quarantine as well as the only five-star market in Zhejiang province assessed by Zhejinag Administration for Industry and Commerce.
With the ever-increasing economic internationalization of Yiwu market, Yiwu has been a converging place of more that 4,000 distributing centers and general agents of famous enterprises from home and abroad, enterprises and merchants from 40 more countries such as America, Japan, Australia, Korea, etc .set up more than 220 foreign business institutions in Yiwu and there are 5,000 –odd permanent foreign businessmen. There are over 800 TEUs of goods exported to more than 188 countries and regions everyday. Exports to Southeast Asia, the Middle East and the Occident are prominent, which accounts for no less than 50% of the annual total turnover. Among its exports, products from dominant trades represent over 70% of all trades’ aggregate. More than 60% booths in the market have supplied goods for foreign customers. According to statistics released by People’s Bank of China, more than 6,290 foreign enterprises and businessmen have opened their accounts with banks in Yiwu.
Yiwu 8 industries are excellently leading. With core of the policy to develop, strengthen, centralize, promote and base developments on the tenet of exert market predominance. Yiwu is constructing industrial development situations of small commodity, large industry, small enterprise, and large colonization, while cultivating excellent industries and products such as garment, knitting, ornament, color printing, zipper etc., and forming a regionally characteristic economic area.
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