Yiwu Fair-time to be a witness of thriving scene of a flourishing market
The Qin dynasty founded the vibrant city of Yiwu, which is situated in the Zhjiang province of China. It has its origins which date back to 222 BC. Known as Wushang then, it is still glorified by the rich cultural history which has been growing since as far back as the time when most of the western world was still in the Neolithic Age.
The city has grown with gigantic footsteps since; not just culturally but also financially. The basis of the thriving commodity market was established in the year 1995. Since then, it has seen a continuous and never ending flow of traders that fuelled the economic growth of Yiwu as a trade center. The area under urbanization grew from just 2.8 sq.km. in 1984 to about 18 sq.km. Its GDP had seen a mammoth increase to 27.24 billion Yuan in the first half of 2010. The city has seen its industrial output increase by 15.5%.
With a population of about 1.2 million people and located with proximity to the eastern coast of China, it governs 8 towns and 5 sub-districts. It has since then been famous for two things that make it unique. A small commodity trade that is large in scale and a market which exudes freedom and vibrancy.
Today, Yiwu witnesses a thriving scene because of a flourishing market, an economy that is continuously emerging and a stable society that is conducive to maritime activities. Developing the Yiwu Trade Fair has been an ongoing effort for many years and the results are now showing. Traders have been the mainstay of the fair. The traders here have played crucial roles in development strategies and promotion of commerce in that regard.
The commodity industry has been leading in the regional economy since its inception and has been acknowledged as an international commodities market since 2002. Yiwu Markets has grown significantly in industry throughout these years because of the efforts of the tradesmen which makes the entire world look at Yiwu in China to be a hub of the business of small commodities. This huge marketplace has 62,000 stores and has on offer approximately 200,000 varieties of products of daily necessity. It is truly a traders’ paradise.
A facet that was the need of the hour since traders could do brisk business is connectivity. It also helps bring truckloads of accolades to this thriving activity that has defined the powers of the sector of manufacturing that China has been blessed with. A small town that is very well connected to the important cities in the country also boasts of superlative infrastructure that enables even the towns and cities situated the farthest to connect to the Yiwu Fair. Trade can conquer even farther than what wars can.
People prefer approaching trade agents at Yiwu Fair who offer a one window solution to the customers and provide them with not only an itinerary but also guides and translation services as also shipping services which means a 360 degree approach. A one stop window for solutions to multiple tasks.
What also invites people to it is the city’s commitment towards a greener planet. The impeccable urban setting which is quite evident is interspersed with patches of greenery covering vast patches of land that keeps its carbon footprint at a low level. The trading community has risen to the occasion not just in making this event full of vibrancy, but to also show the world that business and caring for environment can go hand in hand.
Processing your request, Please wait....
