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  • Yiwu, Zhejiang Province: Over 100,000 New Market Entities Added in 2018

  • Source:Yiwu China Commodity Index Compiling Office Author:Yiwu China Commodity Index Compiling Office 2019-01-18
  •     In 2018, more than 100,000 new market entities were set up in Yiwu, with a year on year increase of 37.77%. The growth rate reached a five-year high, with the total number of market entities exceeding 450,000.
        With the deepening of the reform of commercial registration system, the access threshold of Yiwu Market is becoming more convenience: the items for examination and approval are reduced by 13%, the materials for handling affairs are reduced by 80%, and the seven certification materials that need to be provided by other departments are all cancelled. Thanks to the reform of independent declaration of enterprise names, all enterprises that meet the requirement are approved. The handling of license and certificate for 281 proceedings by 11 departments are integrated through “One-matter, One-window and One-time” mechanism, and 8,9176 businesses are handled through integrating 31 kinds of certificates into one document.
         “Benefiting from the convenience of market access, the development of Yiwu market participants presents three characteristics: fast growth, strong vitality and excellent structure”, introduced by relevant person in charge of Yiwu Market Supervision Bureau. The growth rate of market entities has continuously reached the new high, and the proportion of corporate enterprises has been rising as well. The average annual growth rate of e-commerce entities has been as high as 87%.