Latest News:  
Beijing   Light to moderate rain/Light rain    13 / 8 ℃  City Forecast

English>>China Business

Yiwu plans to be int'l trade zone

By Hu Yuanyuan (China Daily)

08:31, November 19, 2012

SmallYiwu, a city in Zhejiang province well-known for its small commodity trade, plans to become an international special trade zone.

It's claimed, for instance, that six out of 10 Christmas trees sold in the United States come from Yiwu.

But Chen Yixin, the Party secretary of the city of Jinhua, which administers Yiwu, said he wants to build its imports, as well as its already-strong exports.

"We are mulling a plan to build Yiwu into an international special trade zone.

"We'll submit the plan to the central government for approval," Chen told China Daily, on the sidelines of the 18th National Congress of the Communist Party of China.

He said he believes now is the perfect time for the central government to widen its reforms in some specific areas, and Yiwu would offer the perfect location.

"We have some comprehensive economic zones such as Shenzhen in Guangdong, Pudong in Shanghai and Binhai in Tianjin, and we need reforms to go further afield," Chen added.

Despite China's export growth slowing this year due to the sluggish global economy and the euro zone debt crisis, Yiwu saw its exports jump 59.1 percent in the first nine months to $4.19 billion.

"We expect our export growth to exceed 80 percent year-on-year this year," Chen added.

Zhejiang Governor Xia Baolong said at a discussion session during the congress that the province is struggling to achieve an import and export growth rate of 10 percent this year.

【1】 【2】

We recommend:

A Decade of Fastest Development

Eastern Boom Lightens Western Gloom

Chinese firms 'potential Trojan horses'? slows

AVIC unveils new aircraft engines

Oct. data released, inflation slows

13th Int'l Automobile Industry Exhibition

China Int'l Industry Fair opens in Shanghai

Caofeidian coal wharf put into use

Galaxy Soho building in Beijing


Leave your comment0 comments

  1. Name


Selections for you

  1. China's stealth fighter concept model

  2. PLA Macao Garrison finishes 13th rotation

  3. Unforgettable moments in Nov. (III)

  4. Flight test of unmanned aircrafts conducted

  5. First inter-blood-type liver transplant in China

  6. Harbin Autumn Automobile Exhibition

  7. Embroider best wishes on insoles in Shanxi

  8. China's rich people will reach to 280 million

Most Popular


  1. Commentary: Hot money needs cooling
  2. Smart solutions for better city, better life
  3. China remains an 'engine' in global economy
  4. M&A of listed companies gaining steam
  5. Is 'culture' inferior to 'commercialization'?
  6. Chinese liquor makers "sober up" over bans
  7. Strength of Chinese culture lies in understanding
  8. Securing China's e-commerce growth
  9. Hammered ore prices threaten Chinese iron miners
  10. CNN Beijing chief: China's challenges, opportunities

What’s happening in China

Landmark building should respect the public's feeling

  1. Herders, sheep flock move to winter pasture
  2. First inter-blood-type liver transplant in China
  3. HIV patient to sue hospital over cancer op refusal
  4. Test in intelligent vehicle for food detection
  5. Smart card, dumb refund rules