Yiwu International Trade City
| Yiwu International Trade City | |
|---|---|
| File:Yiwu futian market.jpg Yiwu Futian Market entrance. | |
  Location within China | |
| Alternative names | • Yiwu market • Chinese Yiwu International Business and Trade City • Yiwu China International Trade Town Shopping and Touring Area |
| General information | |
| Type | Shopping mall |
| Location | Yiwu, Zhejiang, China |
| Inaugurated | 22 October 2002[1] |
| Owner | Zhejiang China Commodities City Group Co., LTD |
| Technical details | |
| Floor count | 5 |
| Floor area | 4,000,000 m2 (43,000,000 sq ft)[2] |
| Other information | |
| Number of stores | 62,000+[2] |
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. The USTR has also cited the market as being an international center for wholesale distribution of infringing goods.[3]
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 340,000 m2 (3,700,000 sq ft) hosting 9000 booths and over 10500 businesses. The complex cost ¥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.[1]
District 2
District 2(F & G) opened on the 22nd October 2004 providing over 600,000 m2 (6,500,000 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 products, 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 460,000 m2 (5,000,000 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.[1]
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 560,000 m2 (6,000,000 sq ft) with 1,739,000 m2 (18,720,000 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 textile industries. In addition to hosting many of the afore mentioned industries the second phase also hosts the International Space Museum.[4]
District 5
On the 5 May 2011 District 5 was completed at a cost of ¥1.42 billion. 5 storeys high with 2 underground storeys it covers an area of 640,000 m2 (6,900,000 sq ft) providing space for over 7000 booths and shops. The district specialises in imported commodities (including an African imports emporium), bedding, textiles, knitting materials, auto products and assorted accessories. It is located to the south of Chengxin Road and north of Yinhai Road, next to the 4th District.[5]
References
- ^ a b c "International Trade City". yiwuchina.org. 2008-07-12. Retrieved July 17, 2011.
- ^ a b 吴波成. "Letter from the General Manager (总经理致辞)". Translated from Chinese. Zhejiang China Commodities City Group Co., LTD. Retrieved July 17, 2011.
- ^ "Out-of-Cycle Review of Notorious Markets". ustr.gov. Retrieved December 21, 2011.
- ^ "International Trade City (Ⅳ)". yiwuchina.org. Retrieved July 17, 2011.
- ^ "5th District of Yiwu International Trade Mart". yiwuchina.org. Retrieved July 17, 2011.
Further reading
- Peter Hessler (June 2007), "China's Instant Cities", National Geographic Magazine, p. 4, and an accompanying "Yiwu mall" video