ENTREPRENEURSHIP / MAR. 25, 2015
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The World’s Largest Wholesale Market: Commodity City China

Why would you call a place Commodity City if you couldn’t buy anything there? Why would you have an area that covers 14 Million square meters (46 Million Square feet) housing 100.000 suppliers in 62.000 booths offering half a million products and not sell anything? Well come with me and take a trip to Commodity City to hopefully answer our questions.

Don’t take my word for it

Yiwu (China’s Commodity City) is considered not only by financial giant JP Morgan as the world’s largest wholesale market for small commodity goods, but also by the U.N. and the World Bank. Commodity City employs a whopping 200.000 people and caters to 210.000 customers a day. You wouldn’t even think there are enough hours in the day to serve that many customers. China’s days must have an extra few hours. Probably something to do with their longitude, like the six month long days they get in Norway.

Is it like a city spanning mall?

Not exactly, really its dedicated to wholesale and displaying what the manufacturers or resellers have to offer. Of course it’s a city dedicated to sales, so if you want to buy something you will almost certainly find someone that will sell to you.

What do they sell there?

It’s a veritable cornucopia of goods, there’s even a multi-story complex dedicated to exclusively to clothing. From the affordable to the higher quality The International Trade Mart (Yiwu City’s official name) has an expansive, exhaustive and inclusive spectrum of small commodities.

See Also: Meet Xiaomi China’s Samsung Killer

Have you visited Yiwu Commodity City China? Let me know in the comment section below.

 

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