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Yiwu among China’s top three county-levelcities with best investment value - China Yiwu Commodity City

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Yiwu among China’s top three county-levelcities with best investment value

On September 7the world famous business magazine Forbes issued its yearly list of 2009 Forbes best business cities in mainland China in its Chinese version . The list shows that Yiwu’s consumption power index ranks firstand other 4 indexes(economy vitalitypassenger transportfreightand innovation)rank 172334and 38 respectively . In the sub-list of 2009 Forbes the best county-level cities in mainland ChinaYiwu ranks third following Kunshan and Changshu(Jiangsu Province).

2009 list reflects cities’anti-recession ability Yiwu maintains stable development

In 2008China was greatly influenced by the international sluggish economyand how to deal with the situation and keep growth tested various cities’economic foundation . Liu Ruimingexecutive chief editor of the magazine’s Chinese version and the maker of the best business cities listsaid that anti-recession has become the theme of a great many citiesand some key measures have been taken to fight against the crisis including adjusting and optimizing the industrial structureimproving independent innovation capabilityand steering from economic growth to quality improvement .

The list indicates that because of different structuresindustries and ways to deal with the financial crisisthe position of the cities concerned on the list is influenced to various degrees . Yiwu ranks 46 in 200744 in 2008 and 45 in 2009maintaining a relatively stable position on the list . Analysis of professionals shows that the steady position of Yiwu has a close relation with its solid economic foundation and flexible market management ideasuch as turning the attention from foreign trade to domestic trade .

Yiwu remains strong in 8 main indexes Talent and scale become Yiwu’s weaknesses

This timethe best business cities list attached great importance to 8 major indexesincluding talent indexcity scale indexoperation cost indexconsumption power indexeconomy vitality indexinnovation indexpassenger transport index and freight index . The 8 key indexes are formed by values of over 100 basic indexesand reflect the development trend of a city .

It is clear on the list that Yiwu’s operation cost index ranks 61at the middle-upper level . ComprehensivelyYiwu has a leading position in consumption powerstrong economic vigordeveloped passenger transport and freight industriesand powerful products research and development ability .

While the brightness is very attractivethe weakness in development is also very threatening. Talent index and city scale index rank 90 and 94 respectively . Problems demanding prompt solutions for Yiwu now are how to break the deadlock of talent shortage and the limitation of scale expansion with the present market reputation and relevant supporting policies.

From Xinhuanet


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