About Yiwu,Yiwu in China,Yiwu Great Trading Co.,Ltd.

About Yiwu

Yiwu City (simplified Chinese: 义乌; traditional Chinese: 義烏; pinyin: yìwū) is a city of about 1,000,000 people in central Zhejiang Province in the People's Republic of China.

Yiwu is located in central Zhejiang province. It is a moderately sized city which has a population reaching 1.8 million. At any one time over half of the city’s population consists of a large number of short and long term visitors here making use of the excellent business environment. The town is home to the largest commodity wholesale market in China which has facilitated the explosive growth of the town’s economy.

Portrait of Yiwu

“Money glitters through the streets of this city in its street smart residents and seemingly never ending stream of pristine black BMW and Audi’s that rumble down the grid structure of its roads. Glimpses’ of the mysterious mountains which stand guard at the outskirts lend a spacious feel. In the city centre small streets pulsating with the buzz of organic Chinese life and commerce rub shoulders with plush new hotels, shopping centres and banks. In the suburbs new residential developments are being constructed at a lightening pace. Taxis constantly plough the arteries of the city and offer an inexpensive way of quickly for A to B.

Eastward of the bustle of the centre stand the mighty international trade city whose impressive architecture stretches down the Chouzhou Road on a scale that dwarfs the surrounding area. The fast growth of Yiwu affords exiting opportunities to both the visitor and resident alike. Its future is a bright one.

History

Yiwu was founded in the Qin dynasty, at or about 222 BC. Yiwu's long history flourished as early as the Neolithic Age. Yiwu first became a county in 222BC and was renamed Yiwu County in the year 624 AD. In May 1988, the former Yiwu County was upgraded to a county-level city. In 1995, Yiwu ranked the 47th among China's 100 most powerful counties/cities regarding comprehensive economic strength and in the same year listed as Zhejiang's sole city among the nation's experimental counties/cities of comprehensive reform. In 2001, the Yiwu overall economy ranked 19th of all counties (cities) of China.

Yiwu's early culture has given birth to many great figures in the fields of literature, art military, education, and engineering. Among these were Chen Wangdao, China's first translator of the Communist Manifesto; Wu Han, historian and former deputy mayor of Beijing; Zhu Zhixi, the meritorious engineer in harnessing the Yellow River, and Zongze, a well-known general from the Song Dynasty who resisted aggression by the State of Jin.

Geography
Yiwu is located 100 km south of the city of Hangzhou, the capital of Zhejiang Province. The nearest city to Yiwu is Dongyang. The area, as in most of the Province of Zhejiang, is in a mountainous region.

Administration
Yiwu is technically part of the greater Municipal region of Jinhua, although it has a distinct urban core. It has under its jurisdiction 15 towns and 8 villages, which covers 1102.8 square kilometers, 15 square kilometers of which are urban area of 650,000 people (2005 estimate).

Economy
Yiwu is famous in China as a commodities center. People from all over the world come to Yiwu City to buy commodities for resale in other parts of China or abroad. Yiwu's China Small-Commodity Market has for 6 consecutive years topped China's 100 top open markets and was for successive years listed as China's civilized open market. It has been named as the banner of China's market economy and with a large variety of quality but cheaper commodities, the market has become a shopping paradise for tourists. The Yiwu wholesale market concept habe provided the basis for the controversial Sweden Chinese Commodity Wholesale Market in Kalmar, Sweden.

Its 4C-grade airport has opened over a dozen of air routes to such cities as Beijing, Guangzhou, Shantou, Weifang and Shenzhen. The Zhejiang-Jiangxi Railway and Hangzhou-Jinhua Expressway pass through the city, making Yiwu an important local transportation hub. Express trains from Shanghai South Railway Station take less than three hours.

Miscellaneous
Yiwu boasts an Olympic quality stadium and a large Christian Church. Many events associated with trade take place in Yiwu City. Yiwu also has a sizable Korean and Muslim (both foreign and Chinese) population, mostly working in the import and export businesses. Yiwu is also known as the "sock town" as it produces over three billion pairs of socks for Wal-Mart, Pringle and Disney annually. Yiwu is also known as China's number one producer of fashion jewelry.