Yiwu is located in the center of Zhejiang Province, covering a total area of 1105 square kilometers; it has 7 boroughs and 6 towns under the jurisdiction with a total population of over 1.6 million, including 680,000 local populations, 1 million non-native resident populations, The integrated development level is listed 15 th in top 100 counties and cities of China, and its competitiveness ranks the first among all county-level cities in Zhejiang Provinces, In 2005,its GDP reached 30.01 billion Yuan, the total financial revenue reached 3.5 billion yuan, including 1.96 billion's financial revenue of local government, the disposable income of urban residents reached 19 thousand Yuan per capita and the net cash income of farmer 7700 Yuan; in the end of that year, the overall deposit balance of financial institutions reached 59 billion Yuan, the loan reached 35.6 billion Yuan.
    Yiwu boasts long history as well as profound culture accumulation; it was set up as a county in BC 222, and transformed to Yiwu Municipality in 1998, on this land, talents were born generation and generations, such as Luo Binwang, one of the four outstanding poets in early Tang Dynasty; Zone Ze, a well-known general of Song Dynasty; Zhu Danxi, one of the four famous doctors in Jin & Yuan Period; as well as Chen Wangdao, a modem educationalist; Feng Xuefeng, a theoretician of Literature and arts, Wu Han, a famous historian, etc.
    Yiwu is a city developing with the dependence on the market, In 1982, Yiwu firstly set up the commodities wholesale markets, from then on, in over 20 years, Yiwu has persisted in its development strategy of building the city on commence, taken the flourishing development of China Commodities City as a engine for its social economic and energetically promoted marketization, industrialization, urbanization and internationalization, Now, the markets which cover an area of 26 million square meters contain 58,000 booths and are attracting over 200,000 customers-times daily, The trade volume of China Commodities City ranks the top for 15 successive years since 1991 in specialized industrial products wholesale markets in China, Some person has made his conclusion after calculations that one minutes stay in every booth, 8 hours a day, it will cost you more than three months in walking all over the China Commodities City.
    In August 2005, it was said in a China Developing Report, which is issued by U.N, World Bank, Morganstanley, and other authority, organizations, that "Yiwu is the largest commodities wholesale market in the world"
    Yiwu is an ocean of commodities, China Commodities City gathers over 400,000 kinds of goods in 1901 categories of 43 industries, 80% commodities published by UN statistics are available in Yiwu, More than 100,000 manufacturers in home and abroad have set up their direct outlet and general agent in Yiwu, among which, 6,000 are the general distributors and agent of famous bands. The high centralization of masses of suppliers and purchasers in Yiwu causes its ornaments, toys, craftworks, daily hardware, socks and other products made by Yiwu with high competitiveness has occupied over 30% shares in domestic markets, among which, the Christmas decorations' sale volume reaches even 80% in the whole world. Now, Yiwu has become one of several bases for international commodities distribution, price discovery, goods exhibition, information issuance center as well as important commodity purchasing base for foreign trading.
    Along with the trend of economic globalization, today, Yiwu is an international commercial port, an important section in the global light industrial products supply chain, an important workshop of factory of world, an outpost for Chinese products to the international markets.
    The foreign-oriented rate of China Commodities City reaches 60%, in Yiwu, there are more than 8000 resident foreign Merchants from over 100 countries and regions; more than 750 offices was set up in Yiwu by foreign enterprises; in 2005, 400,000 standard containers were exported, and the daily exportation amount can reaches more than 1000 standard containers. It was side by Commercial Ministry of PRC that 220 countries and regions has kept the trading relationship with China, and 212 ones among them is making business with Yiwu, more than 8,200 banking account are opened in Yiwu's Financial Institutions by foreign merchants according to statistics. What's more, UN Refugee Agency, Carrefour and other international giant purchasers has set up their purchasing Information Center in Yiwu. The hotels in Yiwu city can accommodate 55,000, and the foreigners' occupancy rate of hotels higher than 3-star lever reaches more than 75%.
    It is obvious that more and more international labor-intensive industries has been transferred to China with an amazing speed, and along with the deep and large-scale transfer of technologies, capitals, talents and other market elements, Yiwu's role in the international industry has been enhanced; you can find more and more commodities as well as traditional products in medium and high grade made by U.S.A, U.K, Germany, India, Japan, Brazil, Pakistan and other countries and regions in Yiwu. Taiwan, Hong Kong and Korea even successively set up their special halls with their local features for the integrated development of carrying trade and exportation trade. The mode of "Boy the global goods, sell to global" has soon make the young and flourishing city becomes a worldwide brand.