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YIWU / YIWU DAILY

The Number of Yiwu Market Players Exceeds 140,000

yiwu China Update:2010-04-24 8:56:13 click:7844
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According to the latest statistics of the Yiwu Administration for Industry and Commerce, as of early April, the number of Yiwu market players had reached 140,800, of which about 125,700 are individual businesses and 15,100 are various types of enterprises. In addition, there are more than 2,766 permanent representative agencies of foreign enterprises in Yiwu city.

Since the end of 2006 when the number of Yiwu market players reached more than 100,000 for the first time, this is the fifth time of the addition by 10,000 new players. At the second half of 2007, the number of Yiwu market players reached more than 110,000, and increased to 120,000 in early 2008. At the first half of 2009, although the impact of international financial crisis resulted in the slight slowdown of growth momentum, the number of Yiwu market players still grew relatively stable and exceeded 130,000.

In 2010, as the economic situation gradually improved, the number of Yiwu market players increased over the same period of last year. In the first quarter of this year, new market players Yiwu reached more than 3,000, basically equal to the number in the first six months of 2009. 

In order to better promote the development of market players, last April, the Yiwu Administration of Industry and Commerce released 24 supporting measures designed to help drive the stable and rapid local economic development, meanwhile it lowered the market entry thresholds for a number of industries. In August of last year, the Yiwu Administration of Industry and Commerce became the first one among the county-level industrial and commercial departments in the country to obtain the authority for registration of representative agencies of foreign-funded enterprises and foreign enterprises. This authority was granted by the State Administration of Industry and Commerce. 

"This year, we will seek new breakthroughs in the foreign natural person qualification as Yiwu market player." said relevant responsible person in the Yiwu Administration of Industry and Commerce. This is a new exploration in the foreign subject access area which will promote the Yiwu market player structure to develop in a more international, diversified way.








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