Yiwu

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Yiwu
义乌市
County-level city
Coordinates: 29°32′04″N 120°06′00″E / 29.53444°N 120.10000°E / 29.53444; 120.10000Coordinates: 29°32′04″N 120°06′00″E / 29.53444°N 120.10000°E / 29.53444; 120.10000
Country People's Republic of China
Province Zhejiang
Prefecture-level city Jinhua
City incorporation May 1988
Area
 • County-level city 1,102 km2 (425 sq mi)
 • Metro 1,105.46 km2 (426.82 sq mi)
Population (2010)
 • County-level city 1,234,000
Time zone China Standard Time (UTC+8)
Area code(s) 0579
Website http://www.yw.gov.cn/

Yiwu (simplified Chinese: 义乌; traditional Chinese: 義烏; pinyin: Yìwū) is a city of about 1.2 million people[1] in central Zhejiang province, People's Republic of China. The city is famous for its small commodity trade and vibrant free markets and is a regional tourist destination. Although administratively Yiwu is a county-level city under the jurisdiction of Jinhua, it is more well-known than Jinhua nationally and internationally.

History[edit]

Yiwu was founded in the Qin dynasty, around 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 a number of notable figures in 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 engineer who harnessed the Yellow River, Zhu Danxi, one of the four distinguished doctors of the Jin and Yuan Dynasties, and Zongze, a well-known general from the Song Dynasty who resisted aggression by the State of Jin, and Wang Lee Hom, a famous singer.

Geography[edit]

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[edit]

Yiwu is 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 1,102.8 square kilometres, 100 square kilometres of which are urban area of 700,000 people (2010 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.[citation needed]

Economy[edit]

Yiwu is famous in China as a commodities centre. The Yiwu market developed and managed by Zhejiang China Commodities City Group Co., Ltd. (Public, SHA:600415).[2] 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. There have been a significant increase in Arab traders since 9/11, as Middle East businessmen found it difficult to travel to the United States due to visa restrictions. The Arab presence has fostered the rise of many mosques and Middle Eastern restaurants.

The GDP reached 52 billion yuan in 2009, an increase of 9% from 2008, and the per capita GDP reached 71,457 yuan (US$10,461). The per capita urban disposable income reached 30,841 yuan and rural pure income 12,899 yuan, increasing 7.4% and 8.5% respectively.

Its 4C-grade airport has over a dozen of air routes to cities including Beijing, Guangzhou, Shantou, Weifang and Shenzhen. The Zhejiang-Jiangxi Railway and Hangzhou-Jinhua Expressway passes through the city, making Yiwu an important local transportation hub. By train it is less than 3 hours from Shanghai.

"Yiwu, 300 kilometres away from Shanghai, is the largest market of petty commodity wholesales in the world where various foreign buyers go to place orders", according to 'Chinese Figures Astonishing the World', joint report from the United Nations,the World Bank and Morgan Stanley. The city was ranked first among countrylevel cities In "the 2004 Most Favourite Chinese Cities of Domestic and Foreign Public in 2004".

As documented by the author Tim Phillips[disambiguation needed] ... [t]he city of Yiwu ... functions as a sort of 'Wall Street' for the counterfeiting industry, providing a vast marketplace where, Phillips states, 100,000 counterfeit products are openly traded and 2,000 metric tons of fakes change hands daily.

Eamonn Fingleton, 2008[3]

Cultural and social[edit]

Yiwu contains an Olympic quality stadium[citation needed]. Many events associated with trade take place in Yiwu City. Yiwu also has a sizable Chinese Muslim and Korean population, mostly working in the import and export businesses, as well as a very small Jewish population also in those businesses. It also has a large Christian Church. Yiwu is also known as the "sock town" as annually it produces over three billion pairs of socks for Wal-Mart, Pringle and Disney. Yiwu is also known as China's number one producer of fashion jewellery as firms are based in Yiwu as there are many factories making unbranded jewellery [4] and the amount of warehouses that are available to store the goods in.[5]

The Guyue Bridge, a stone arch bridge built in 1213, is one the few existing bridges of that era.

Education[edit]

Senior High School[edit]

Yiwu High School Yiwu second senior high school

University[edit]

Yiwu Industrial & Commercial College

See also[edit]

References[edit]

  1. ^ Census 2010
  2. ^ "Yiwu China Commodity Market, Commodities Trading Online, Yiwu Wholesale Market". En.onccc.com. Retrieved 2012-11-09. 
  3. ^ Eamonn Fingleton, In the Jaws of the Dragon: America's Fate in the Coming Era of Chinese Hegemony (New York: Thomas Dunne Books/St. Martin's Press, 2008), 41.
  4. ^ http://abouteozy.wordpress.com/where-we-are/
  5. ^ http://abouteozy.wordpress.com/business-model-and-shipping/

External links[edit]