October 18, 2018

Yiwu: the Town of the Marketplace

In case you have yet to be to Yiwu's market in person, it's tough to know why this small county-level city in Zhejiang Province has the standing of"the first marketplace in China" and"the world capital of little commodities". They're all connected to each other. If they just comply with a street in a particular layer of the current market, they won't quit at any retailers and walk through a complete trade city. It requires over 3 km to travel, and it takes nearly an hour. Moreover, the market has a total of multiple layers, and every floor has many criss-crossing paths. It's virtually an"impossible task" to read. The merchandise are dazzling, sparkling, and also the individuals of all countries are bustling and lively. And this is not all the shops in the Yiwu Small Commodity Market. At the identical moment, there are lots of e-commerce transactions that aren't visible and are happening at any time. Who can believe that 40 decades ago, it had been once without the marketplace; now, the"Iwu wonder" is remarkable.

This compilation has been swayed in the hands of Yiwu's traders in the Qianlong period of the Qing Dynasty. They picked the brown sugar from the neighborhood specialty products and changed the chicken feathers for each household to make a"knocking sugar candy". Do the stunt to market the money, the bad will visit the ground to generate fertilizer. The"Golden Spring and Autumn" of"Chicken and Sugar" lasted until the late 1970s.

At that moment ,"Knocking Sugar" discovered that changing poultry feathers with little commodities was significantly more popular than rapping sugar for chicken feathers. Because of this, from the local market of the Sanli marketplace, many small commodity dealers started to be active. At exactly the exact same time, precisely the exact same marketplace was established in Xianqian Street along with Beimen Street in the town. At that time, China's reform and opening up had just begun, and the amount of implementation and understanding of policies wasn't the same everywhere. In Yiwu, farmers' trade in commodities still needed to be set in the incorrect name of"speculation."

Seeing the people's business requirements, the Yiwu administration division was still trying to acquiesce to the occurrence of farmers' dealers. Farmers who travelled to other places to do business could visit the Trade and Industry Bureau to handle the"temporary license for small department stores to swap sugar for chicken feathers". But if you want to set up a booth at the county, you will inevitably be banned.

The young girl He Haimei endured from this kind of problem. Her family's income is meager and it's difficult. Back in 1982, her brother came home from the military to visit relatives and attracted more than a dozen championships. She thought that these postcards could be sold at the entry of the cinema, also there may be more money to make it! The end result was really sold out very quickly. She believed that she would buy it and sell it. After three days, she earned 32 yuan, which had been a big sum of money at the time. I thought the sweetness of doing business. She moved to market other things. Because of this, she offered nylon socks on the road daily. The county authorities seized the current situation and the goods were all confiscated. She stumbled on the side of the road for quite a lengthy time, and later saw Xie Gaohua, who was then secretary of the Yiwu County Party Committee, coming far away. She immediately rushed to stop him and asked him using a high voice"Why not let's do business?"

To prevent Xie Gaohua, the regional farmers who delivered the same questions weren't only He Haimei. Seeing the people's urgent desire to improve their lives through business, Xie Gaohua along with the county party committee and county police leaders took the danger of policy and made a decision to start the small commodity market. At the conference to declare this policy, He Haimei lose tears along with enthusiasm.

Determined by the hesitation of these people and the direction, Yiwu rushed to get a path to come up with the little commodity market from the cracks of the policy at that moment. Later, he proposed"enabling farmers to conduct business, allowing long-distance trafficking, letting the launching of urban and rural markets, and enabling several channels." The"four permissible" contests let the natives to start worrying and start their arms to conduct business.

At that moment, in the city of Yiwu County, the director of the Industrial and Commercial Office predicted on the merchants to"help" to perform business together, and the excitement of these people was large. On September 5, 1982, the authorities set up two rows of easy booths with cement slabs to create up the Huqingmen Haberdashery Market from the first-generation market in Yiwu, Choucheng Town. In 1984, the county management of Yiwu County proposed that the motto: Xingshang County. In September 1986, the third-generation Yiwu Small Commodity Market at Chengzhong Road has been completed and started with 4096 stationary stalls and more than 1,000 temporary stalls. Two decades later, Yiwu withdrew in the county.

The small commodity marketplace in Chengzhong Road is becoming more and more famous throughout the country, and merchants from all around the world are flocking. Since that time ,"China's biggest town" has a good reputation.

In November of the year, the very first large-scale indoor economy in Yiwu, which has more than 15,000 booths, started its market, which is thought of as the fourth-generation market. It's become China's latest internationalization and also the most updated small commodity industry. Even the International Trade City and the Gion Market together with the global production materials marketplace started in 2013, are believed by local people to function as fifth-generation marketplace of Yiwu Small Commodities. As of 2017, the entire number of commercial components reached 75,000, along with the entire small business area surpassed 5.5 million square meters. Rice, the annual turnover reached 122.6 billion yuan.

Yiwu Small Commodity City has been not just China but the entire world. "Building the world's largest supermarket and building an worldwide shopping paradise" is not only a local development concept, but also a reality.

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