The Yiwu China Commodity City, an export base of small commodities in eastern China, has been leading China's industrial product wholesale market in terms of business volume for 15 years, according to the local government.

The market in Yiwu, a small inland county-level city in east China's Zhejiang Province, had 28.8 billion yuan (3.6 billion U.S. dollars) of sales in 2005, the highest among all the wholesale markets nationwide, government sources said.

The Yiwu China Commodity City built 22 years ago has 50,000 booths, collecting 320,000 kinds of goods in 1,502 categories from 34 industries.

Qiu Zengfa, head of the Yiwu administration for industry and commerce, said more than 8,000 businessmen from about 170 countries and regions around the world are living in this county-level city for business, and up to 200,000 foreign businessmen come here each year, making the bulk buy of small commodities to sell all over the world.

Source: Xinhua