A General Introduction of Yiwu
Yiwu, a city located in Zhejiang province, is famous in China as a commodities center. The Yiwu market is developed and managed by Zhejiang China Commodities City Group Co., Ltd. China Small-Commodity Market in Yiwu has been topped China's 100 top open markets for 6 consecutive years and listed as "China's civilized open market" for successive years. It has been entitled as the banner of China's market economy and with a large variety of quality but cheaper commodities, the market has become a shopping paradise for tourists. Especially it witnessed a rise in Arab traders who have been visiting the city since 9/11. Apparently, since many entrepreneurs from the Middle East found it more difficult to travel to America due to visa restrictions, they turned their eyes to China. Now you can see the rise mosques and Middle Eastern restaurants fostered by the Arabians. In the meantime, Yiwu also attracts many Indians for the various of commodities and its cheap price.As it is said by the author Tim Phillips that the city of Yiwu functions as a sort of 'Wall Street' for the counterfeiting industry, providing a vast marketplace where, Phillips states, 100,000 counterfeit products are openly traded and 2,000 metric tons of fakes change hands daily.