Yiwu market
Encyclopedia
Yiwu International Trade City, China Commodity City (often shorted as CCC), is a large wholesale market of Yiwu
, a city in the Zhejiang
Province of the People's Republic of China
.
China Commodity City was honored by the UN, the World Bank
and Morgan Stanley
amongst other world authorities in 2005 as the "largest small commodity wholesale market in the world". China Commodity City has three market clusters of International Trade Mart, Huangyuan Market and Binwang Market. The International Trade Mart (Futian market) is the main one and the biggest. Yiwu China Commodity City currently covers an area of 4 million square meters, with 62,000 booths inside. 100,000 suppliers exhibit 400,000 kinds of products almost every day from 9 am to 5 pm (except the holidays of Chinese Spring Festival). The products are from around 40 industries and of 2,000 different categories. 65% of these products are exported to over 215 countries and regions. Yiwu China Commodity City is more like a permanent fair instead of a traditional wholesale market. It has developed into an information, innovation, exhibition and distribution center for consumer goods. There is IT support inside the market. A modern shopping-mall like infrastructure is offered.
700 million to construct. It is divided into five main business areas: the Manufacturers Outlet Centre, the Shopping Centre, the food court, the warehousing centre and the “Subject of the Market” area. The 1st storey deals in flowers and toys, the 2nd storey jewellery, arts & crafts on the 3rd storey, manufacturer outlet centre on the 4th storey and a sourcing centre for foreign trade companies in the east subsidiary building. On average 40,000 people visit the complex every day, 5000 of whom are foreign visitors. Commodities from District 1 are exported to over 200 countries and regions.
, locks and vehicles; the third floor specialise in kitchenware, sanitary ware, small home appliances, telecom facilities, electronic instruments, equipments, watches and clocks; the fourth floor is a manufacturers’ outlet centre and hosts the Hong Kong
Hall, Korea
Hall, Sichuan
Hall, and other regional manufacturers halls; on the fifth floor, there is sourcing & service centre of foreign trade.
District 2 (H) is 460000 m² (4,951,398.8 sq ft) and has over 6000 booths. It specialises in cultural products, sports products, cosmetics
, eyeglasses, zippers, buttons and apparel accessories. It also has a manufacturers’ outlet centre.
industries. In addition to hosting many of the afore mentioned industries the second phase also hosts the International Space Museum.
Yiwu
Yiwu is a city of about 1.2 million people in central Zhejiang Province near the central eastern coast of the People's Republic of China. The city is famous for its small commodity trade and vibrant free markets and is a regional tourist destination...
, a city in the Zhejiang
Zhejiang
Zhejiang is an eastern coastal province of the People's Republic of China. The word Zhejiang was the old name of the Qiantang River, which passes through Hangzhou, the provincial capital...
Province of the People's Republic of China
People's Republic of China
China , officially the People's Republic of China , is the most populous country in the world, with over 1.3 billion citizens. Located in East Asia, the country covers approximately 9.6 million square kilometres...
.
China Commodity City was honored by the UN, the World Bank
World Bank
The World Bank is an international financial institution that provides loans to developing countries for capital programmes.The World Bank's official goal is the reduction of poverty...
and Morgan Stanley
Morgan Stanley
Morgan Stanley is a global financial services firm headquartered in New York City serving a diversified group of corporations, governments, financial institutions, and individuals. Morgan Stanley also operates in 36 countries around the world, with over 600 offices and a workforce of over 60,000....
amongst other world authorities in 2005 as the "largest small commodity wholesale market in the world". China Commodity City has three market clusters of International Trade Mart, Huangyuan Market and Binwang Market. The International Trade Mart (Futian market) is the main one and the biggest. Yiwu China Commodity City currently covers an area of 4 million square meters, with 62,000 booths inside. 100,000 suppliers exhibit 400,000 kinds of products almost every day from 9 am to 5 pm (except the holidays of Chinese Spring Festival). The products are from around 40 industries and of 2,000 different categories. 65% of these products are exported to over 215 countries and regions. Yiwu China Commodity City is more like a permanent fair instead of a traditional wholesale market. It has developed into an information, innovation, exhibition and distribution center for consumer goods. There is IT support inside the market. A modern shopping-mall like infrastructure is offered.
District 1
Initial construction of the first phase of the Yiwu Market began in 2001 and was opened on the 22nd of October 2002. District 1 covers an area of 340000 m² (3,659,729.5 sq ft) hosting 9000 booths and over 10500 businesses. The complex cost ¥Chinese yuan
The yuan is the base unit of a number of modern Chinese currencies. The yuan is the primary unit of account of the Renminbi.A yuán is also known colloquially as a kuài . One yuán is divided into 10 jiǎo or colloquially máo...
700 million to construct. It is divided into five main business areas: the Manufacturers Outlet Centre, the Shopping Centre, the food court, the warehousing centre and the “Subject of the Market” area. The 1st storey deals in flowers and toys, the 2nd storey jewellery, arts & crafts on the 3rd storey, manufacturer outlet centre on the 4th storey and a sourcing centre for foreign trade companies in the east subsidiary building. On average 40,000 people visit the complex every day, 5000 of whom are foreign visitors. Commodities from District 1 are exported to over 200 countries and regions.
District 2
District 2(F & G) opened on the 22nd October 2004 providing over 600000 m² (6,458,346.3 sq ft) of floor space for over 8000 booths and 10,000 businesses. The first floor deals in suitcases & bags, umbrellas and raincoats; the second floor specialises in hardware tools, fittings, electrical productsElectronics
Electronics is the branch of science, engineering and technology that deals with electrical circuits involving active electrical components such as vacuum tubes, transistors, diodes and integrated circuits, and associated passive interconnection technologies...
, locks and vehicles; the third floor specialise in kitchenware, sanitary ware, small home appliances, telecom facilities, electronic instruments, equipments, watches and clocks; the fourth floor is a manufacturers’ outlet centre and hosts the Hong Kong
Hong Kong
Hong Kong is one of two Special Administrative Regions of the People's Republic of China , the other being Macau. A city-state situated on China's south coast and enclosed by the Pearl River Delta and South China Sea, it is renowned for its expansive skyline and deep natural harbour...
Hall, Korea
Korea
Korea ) is an East Asian geographic region that is currently divided into two separate sovereign states — North Korea and South Korea. Located on the Korean Peninsula, Korea is bordered by the People's Republic of China to the northwest, Russia to the northeast, and is separated from Japan to the...
Hall, Sichuan
Sichuan
' , known formerly in the West by its postal map spellings of Szechwan or Szechuan is a province in Southwest China with its capital in Chengdu...
Hall, and other regional manufacturers halls; on the fifth floor, there is sourcing & service centre of foreign trade.
District 2 (H) is 460000 m² (4,951,398.8 sq ft) and has over 6000 booths. It specialises in cultural products, sports products, cosmetics
Cosmetics
Cosmetics are substances used to enhance the appearance or odor of the human body. Cosmetics include skin-care creams, lotions, powders, perfumes, lipsticks, fingernail and toe nail polish, eye and facial makeup, towelettes, permanent waves, colored contact lenses, hair colors, hair sprays and...
, eyeglasses, zippers, buttons and apparel accessories. It also has a manufacturers’ outlet centre.
District 3/4
Work on District 4 of the International Trade City was started in October 2007 and was constructed in two phases. The first phase was finished in October 2008 and the second phase was completed on the 21st of October 2008. It covers an area of 560000 m² (6,027,789.8 sq ft) with 1739000 m² (18,718,440.2 sq ft) of floor space within the complex. The building provides room for 14,000 booths. This district specialises in daily necessities, knitted & cotton articles (including underwear, scarves, gloves, hats and cotton fabrics), footwear, belts, neckties, towels, wool items, lace items and other textileTextile
A textile or cloth is a flexible woven material consisting of a network of natural or artificial fibres often referred to as thread or yarn. Yarn is produced by spinning raw fibres of wool, flax, cotton, or other material to produce long strands...
industries. In addition to hosting many of the afore mentioned industries the second phase also hosts the International Space Museum.