The place to ask China-related questions!
Beijing Shanghai Guangzhou Shenzhen Chengdu Xi'an Hangzhou Qingdao Dalian Suzhou Nanjing More Cities>>

Categories

Close
Welcome to eChinacities Answers! Please or register if you wish to join conversations or ask questions relating to life in China. For help, click here.

By continuing you agree to eChinacities's Privacy Policy .

Sign up with Google Sign up with Facebook
Sign up with Email Already have an account? .
Posts: 16758

Emperor

0
0
You must be a registered user to vote!
You must be a registered user to vote!
0

Q: Have you ever been to YiWu in Zhejiang?

https://www.globalresearch.ca/chinese-innovation-business-models-never-h...

China’s YiWu: Business Models You’ve Never Even Heard of

Excerpt:

 

The YiWu Commodities Market

A brief bit of background for context. YiWu is the world’s largest supermarket. YiWu is a small town (it’s actually a city with more than one million people, but in China that’s a small town) in Zhejiang Province, 45 minutes by high-speed rail from Shanghai. The surrounding area contains countless thousands of smallish (and some largish) factories producing vast amounts of small goods – hand and small electric tools, umbrellas, bags and luggage, toys, giftware, small appliances, kitchenware, small electronic items, adhesive tape. The products are mostly standard utilitarian items we generally refer to as commodities.

With this intense concentration of manufacturing clusters, YiWu has the largest commodity markets in the world. The largest wholesale factory market in YiWu, the International Trade Center, consists of eight 5-story buildings totaling about 5 million square meters and containing about 80,000 shops, each shop owned by one of the small area factories. It is so large that the aisles in each building have street names; maps are normally required for navigation. To save you the arithmetic, if you spend 8 hours per day, 5 days per week, with only 1 minute in each shop, you would need more than 8 months to visit all of them. And that’s only one market of about 20 in the city. Many markets specialise in a particular product: umbrellas, artificial flowers, stationery, toys, candles cosmetics, fashion jewellery, bags and leather products shoes, tissue, cloth, socks, lingerie . . . Typical markets would have 2,000 shops selling only belts or 10,000 shops selling small ceramic tea pots.

There is actually a bit more to this story. At the business school at the university in YiWu, a prerequisite for graduation is that all students must establish and successfully run their own business. These may be only online shops selling any manner of products, but they are all profitable. As well, local students are often sufficiently fluent in many languages to act as agents for the millions of foreign buyers who come to the city each year, helping them to navigate the system, act as translators, find satisfactory products, negotiate prices and terms. Some of these kids earn as much as US$100,000 in a year while still in school. We don’t see this at Harvard or Western, nor do we see student parking lots jammed with BMWs and Ferraris.

22 weeks 4 days ago in  Business & Jobs - China

 
Highest Voted
Posts: 7

Common folk

1
1
You must be a registered user to vote!
You must be a registered user to vote!
0

No,i have never been there,but Guangdong Province is better than Zhejiang Province.

why don't you come to Guangzhou,the city of Guangdong Province.many cities in Guangdong aslo is worth to come and have a look.

Report Abuse
9 weeks 3 days ago
 
Answers (1)
Comments (1)
Posts: 7

Common folk

1
1
You must be a registered user to vote!
You must be a registered user to vote!
0

No,i have never been there,but Guangdong Province is better than Zhejiang Province.

why don't you come to Guangzhou,the city of Guangdong Province.many cities in Guangdong aslo is worth to come and have a look.

Report Abuse
9 weeks 3 days ago
 
Know the answer ?
Please or register to post answer.

Report Abuse

Security Code: * Enter the text diplayed in the box below
Image CAPTCHA
Enter the characters shown in the image.
  • Allowed HTML tags: <a> <em> <strong> <cite> <code> <ul> <ol> <li> <dl> <dt> <dd> <img> <br> <p> <u>
  • Web page addresses and e-mail addresses turn into links automatically.
  • Lines and paragraphs break automatically.
  • Textual smileys will be replaced with graphical ones.

More information about formatting options

Forward Question

Answer of the DayMORE >>
A: Going to HK would be the best bet I reckon, especially if you were loo
A:Going to HK would be the best bet I reckon, especially if you were looking for a church wedding. Chinese weddings are pretty grim IMO - you go to a barren govt dept with souless officials and navigate red tape so some guy can give you a red stamp and a marriage book. You get expensive pictures taken of you both posing in places you'd never go to in everyday life that is somehow supposed to represent your wedding, then a while later it's off to a restaurant where a game show host kind of guy makes sure it's as tacky as possible while the guests eat as fast as they can so they can leave as soon as they finish eating and gave you money. Hell, I'd go to Thailand or the Philippines and get married in Paradise.   -- Stiggs