Yiwu-A City Built on Market
Yiwu (simplified Chinese: 义乌) is a county-level city of about 1,000,000 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 specialized markets and is a regional tourist destination.
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.
Geography
Yiwu is situated in the center of Zhejiang Province, connected Guangdong and Fujian on the south, and Shanghai on the north. It is 300 km to Shanghai and 120 km to Hangzhou, the capital of Zhejiang. Transportation is convenient with highway and railway connecting most big and medium-sized cities. Over 20 airlines have been opened to big cities like Beijing, Hongkong, Guangzhou, etc.
Administration
Yiwu is technically part of the greater Municipal region of Jinhua, although it has a distinct urban core. On China's administrative strata it is a sub-prefecture level city. 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). There has been talk of merging the Yiwu and Jinhua areas into a single municipal zone or economic entity, but this plan has yet to make its way into any formal discussion.
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 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 concept of Yiwu wholesale market has provided the basis for the Sweden Chinese Commodity Wholesale Market in Kalmar, Sweden.
The GDP reached 42 billion Yuan in 2007, an increase of 15.7% from 2006, and the per capita GDP reached 59,144 Yuan (US$7,778). The per capita urban disposable income reached 25,007 yuan and rural pure income 10,255 yuan, increasing 15.9% and 16.4% respectively.
Its 4C-grade airport has opened over a dozen of air routes to such cities as Beijing, Guangzhou, Shantou 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.
