Trolley,Shopping Carts,folding shopping trolley,folding shopping carts,hammock,hammock chairs

Yiwu International Trade City

Now they finally put 70,000+ shops and around 10 million products inside this city, all under one roof! And attract 150,000+ visitors from all over the world into this hall each day.

This is something like building Pyramid in ancient Egypt. They only did one thing and that thing made them famous all over the world!

Here I would just show you a big picture. For more details about what's inside this huge mall, I'll write one more article - Futian Market, as that name is more close to a market.

Yiwu International Trade City - District 1

This is the big brother of all the other districts. It was built in October, 2001 and put into use on Oct.22, 2002. Now already 7 years old.

The 4-floor-building occupies a total area of 340,000 m2, and holds 10,500+ shop fronts. Over 95% of the shops can do export.

Most of them can speak some English. They definitely understand "how much?" and can show the price on their calculators with no difficulties.

Shipping agents, fast serving restaurants, resting lounge, banks, and internet are all put inside. It's actually pretty easy for buyers sourcing here.

1st floor is filled with toys and artificial flowers. 2nd floor is for jewelry. 3rd floor is for jewelry accessories, art & crafts.

4th floor is different. It's only for factories to set up their own outlets centers, so you will only find outlets center on this floor. They are real factories, but the variety is also limited.

This district is also the busiest one, as it's mainly for ladies and kids.

Yiwu International Trade City - District 2

This District was put into use on Oct.22, 2004. It's a 5-store- building and has an area of 600,000+ m2. Over 10,000 shop fronts are cubed from floor one to floor three.

Industries of bags & brief cases, umbrellas, rainwear are located on floor one.

Hardware and hardware accessories, electrical accessories, locks and auto products are on floor two.

Floor three is for home appliances, electronics & telecommunications, watches and clocks.

4th floor is also for factory outlets centers. Hong Kong Mall, South Korean Mall, Sichuan Mall are also located on this floor.

Like District one, this district also has shipping agents, banks, restaurants, telecom companies... And there is a four start hotel and two squares at both sides.

Another special thing about this district is that it's an AAAA tourist destination with ISO9001 and ISO4001. So it’s much clean and modern-looking, with sightseeing lifts up and down.

International Trade City - District 3

http://www.kendosportsleisure.com

District 3 is also a 5-store-building of 460,000 m2 with 7000+ shop fronts.

Different industries are put into different floors:

1st floor and 2nd floor are for glasses, pens, office articles, sports products, paper products.

3rd floor and 4th floor are for cosmetics & cosmetics accessories, buttons, zippers, and other fashion accessories.

All necessary facilities like logistics, banking, accommodation, catering and entertainment are also included inside.

Yiwu International Trade City - District 4

This is the youngest, but the best-bred strong brother. Opened on Oct. 21, 2008, the total area reaches 1,008,000 m2, has over 19,000 shops.

This district is greener, more environmental friendly and energy saving than the previous ones. It has modern facilities like automatic roof windows, rainfall collection system and solar energy generators, even a 4d cinema and a nice coffee shop.

1st floor is for socks. 2nd floor is for textile, gloves, and hats. 3rd floor is for shoes, ribbons, laces, ties, thread, and towels. 4th floor is for bras, underwear, belts, and shawls.

Yiwu International Trade City is the most innovative, largest wholesale market complex in China, and also one of the most advanced wholesale markets in the world.

Why Yiwu Market Cheap?

A tea mug a US resident finds in IKEA or other stores for at least a dollar is on sale in Yiwu for 5 cents. A sledge hammer is going for $1.40, an ax for chopping wood for $1.20…

Almost every product is on sale for about one-half, one-third, or one-tenth of the lowest price available in the cheapest discount stores of Europe and America.

What’s more, the quality of these items seemed in no way inferior to the products on sale in store around the world. In many cases, in fact, they are the same goods.

Why Yiwu market can keep such low prices?

#1 A Huge, Cheap Supplier Base

--------------------------------------------------------------------------------
Yiwu with its neighborhoods forms the largest private/family owned factory base in China. After 20 years of running their machines day and night, they already fished off many factories in Europe and America.
Now they are the most efficient manufactures in the world for socks, buttons, zippers, straws, plush toys, jewelry accessories, hardware and tools... What’s more, they're not only the largest, but also the cheapest.

Let's see have a look at Mr. Jinwu's factory:

Mr. Jinwu's house, a 4 store building of around 800 m2 with a yard, was built 7 years ago. Now the first floor is his warehouse and workshops, the second floor part as his office and part as workshops, the third floor is where his family live, and the fourth floor is dorms for his workers.

They produce sun caps according to orders. When there are no orders, these workers doing other part-time jobs.

Mr. Jinwu pays electricity and water at residential rate, instead of industrial rate. That's to say, he pays 50%-40% less on electricity and water every month than other factories located in industry zones. Plus zero house rental, zero insurance and medical care cost for his workers…

You can imagine how competitive his price is! There are tens of thousands of factories like this in and around Yiwu. How could anyone else beat them on prices?

# 2 Scale Effect

--------------------------------------------------------------------------------
As so many factories get together, including many big ones, the scale effect shows its power.
Logistics cost, marketing cost reduced. Parts, accessories, materials, even production lines prices all reduced significantly.

The more factories arise, the lower prices there will be.

# 3 Big Battleground

--------------------------------------------------------------------------------
As Yiwu market became the world largest wholesale market for daily using items, more and more factories, not only factories from nearby areas, but also factories from all over China, are putting their products on this market, to fight for a bigger share.
These ruthless competitions ended up with a 2-3% profit margin for many products.

# 4 Strong Government Support

--------------------------------------------------------------------------------
While all China looked free market as an evil character of capitalism, Yiwu already opened its free market in 1982, which is one of the earliest free markets in whole China.
In the last 30 years, Yiwu government put almost all their money and energy to build markets. Then rent shops to venders at very low rentals. Private companies are not allowed to get into market building business. All markets in Yiwu are built by government and run by a government appointed company.

In this way, Yiwu attracts more and more vendors from all over China by its low shop rentals. As a result, factories from cities like Wenzhou, Ningbo, Shantou, even Guangzhou, where tons and tons of products were produced each day for exporting, came to Yiwu market in flocks to sell their products.

Yiwu market offers most-favored-vendor treatment to factory outlet centers. In recent years, they put more efforts bringing in more national top brands and global brands, all in the most favored treatment, to improve products quality level.

With these strong backup from government, Yiwu market kept prices at an extremely low level for three decades in the past. And there shows no signals that this situation will change soon.

# 5 "One-Cent-Profit" Making Money

--------------------------------------------------------------------------------
Businessmen of Yiwu and its nearby areas are famous for hard-working and agility. They're keen on every "one-cent-profit" businesses opportunity .
For example, the profit of one sewing needle is just about 1/10 cent RMB, the profit of one straw is just 1 cent RBM. But if you can sell containers of them in one month, you can still earn a descent profit.

As long as there is a profit, no matter big or small. These so called "ants businessmen" would desperately go for it. This is probably one of the most important reasons why Yiwu market has such cheap prices.

Copyrights © Summitdo International Trading Co.Ltd. All rights reserved Powered by Summitdo