Most foreign businessmen offten ask a question:Why should I buy from Yiwu?
Let us tell you the reason:
According to statistics of Yiwu City, there are currently more than 13,000 permanent local foreign purchaser to buy from Yiwu factories in Yiwu market. By the end of 2010, the number of resident offices of foreign enterprises and Yiwu agents has reached 3008 which ranked the first in China counties.
Yiwu has a well-known commodity market with so many manufacturers chinese. In a report released by the United Nations, the World Bank and Morgan Stanley, it was called “the world’s largest small commodity wholesale market“.
According to the “industry standard commodity classification and code” issued by Chinese Ministry of Commerce, there are 16 categories and 4202 kinds over 1.7 million varieties commodity from chinese manufacturers.
Huge opportunity in Yiwu market attract businessmen from around the world to buy from Yiwu. Yiwu jewelry is famous in the world. In order to provide policies to facilitate foreign purchaser in Yiwu, in 2009 the Chinese State Administration of Industry and Commerce decentralize register and supervision authority of foreign resident representative offices and foreign enterprises to Yiwu. Yiwu has become the first county-level city which owns this authority.
By the end of last year, according to the statistics of Yiwu City Industrial and Commercial Bureau, among the 3008 foreign companies representative offices there are 80% of them from Asian countries, and another 10% from African countries. In addition, there are representative offices from Europe, America and Oceania. From the point of Country and region, they are mainly from Pakistan, Iraq, United Arab Emirates, Afghanistan, Korea, Egypt, Jordan, Yemen, India, Hong Kong and other countries and regions. Among those Enterprises representative office from Hong Kong, most of them are not set by local residents of Hong Kong, but India and the Middle East businessmen who come to Yiwu through Hong Kong.So till now you will konw the reason why buy from Yiwu.