Thirty Years of Turbulence - Chinese Enterprises

作者：admin  点击次数：13  发布时间：2025-11-03

The bold Xie Gaohua dug up this "policy pit" in Yiwu, which quickly produced a cumulative effect. By the end of the year, a determined person named Zhu Hengxing conducted a survey and found that the number of market vendors in Yiwu had increased to 1050, with an average daily transaction volume of 6000 people. More than 60% of them were from outside the city, mainly in Wenzhou and Taizhou, with over 3000 types of products listed. Local industrial products accounted for about one-third, while the rest mostly came from township enterprises within the province and products from Jiangsu and Guangdong, with sales mainly coming from provinces north of the Yangtze River and Yunnan Guizhou. It is obvious that a market network that crosses provincial borders and radiates across the country had already taken shape at that time. At the same time, commodity logistics has also driven the development of Yiwu family factories. Many vendors set up stalls in the market and run family factories at home, creating the so-called "front store, back factory" model.

Yiwu's reputation for "abundant goods, affordable prices, and new styles" has spread at an incredible speed in rural China, and soon merchants from all over the country have emerged here. At the end of 1984, Shen Jiqing, a journalist from Shanghai's Wen Wei Po, heard from an acquaintance that there was a place called Yiwu in Zhejiang. As soon as a novel small commodity or new technology appeared in urban shopping malls in China, people could find it in the market there.