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Yiwu: world’s largest small commodity wholesale market keen to invite big Indian business names

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NEW DELHI: Yiwu, world’s biggest small commodity wholesale market and with deep bonds with Indian traders is now keen to invite big names in Indian business world including TATAs to invest in the dynamic business hub.

Sheng Qiuping, Secretary General of Yiwu Committee of the Communist Party of China was recently in India and met top names from Indian industry and businesses in both Delhi and Mumbai with an eye on inviting them to China’s business hub. “My mission is to deepen and widen  ..

Yiwu capital of Zhejiang province in east China sells 1.8 million goods to about 200 countries through its 75,000 shopping booths spread in an area of 5.5 million square metres.

It is said it will take a year to visit all the shops if one walks eight hours every day and does not spend more than three minutes at each shopping booth. Yiwu has it all, ranging from socks to gimcrack toys, and from artificial flowers to fancy wall clocks.

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