Stop 5: YiWu

 

The small commodity market in YiWu, a tier three city outside of Shanghai.

The small commodity market in YiWu, a tier three city outside of Shanghai.

Day 14: May 23, 2013 – Daniel Milstein

Woke up very early this morning at 5:15 a.m. to be ready to head out to the High Speed Train from Shanghai to Yiwu train station departing at 7 a.m. The Shanghai train station was massive and modern, very similar to an airport terminal.

The train layout is similar to that of a plane, 3-2 seating with overhead luggage storage, comfortable seats with even more legroom than on a plane. As traveling to Yiwu, it was very interesting to look out window to get an even broader perspective of China. The train only stops for 60 seconds at Yiwu, so everyone had to get ready with their luggage and stand by the door beforehand to make it out before the doors closed. Luckily everyone made it!

From moment walked out of the train station, apparent that Yiwu was like nothing had seen thus far. A Tier 4 city, was nowhere near the Tier 1 level of Shanghai. Though such a small and developing city, home to LARGEST commodity market in world. Gives a whole new meaning to “made in China.” Not so surprising that majority of made in China products in US come through here! There is huge potential to buy so many goods at wholesale prices and sell for much higher in US. With 70,000 stores to choose from all one place, it makes entire process very efficient. It was absolutely amazing and almost overwhelming to see.

I enjoyed seeing another aspect of China that’s not a Tier 1 city. Adds even more depth to my understanding of China. After exploring Yiwu for a few hours, we boarded a plane to Beijing. It’s hard to wrap my head around that are finally in Beijing, China’s capital! So excited to be here, see all off cultural land historical sites!

Bus to JW Marriott…very nice hotel though just as nice as last Marriott in Shanghai.

Tour of the YiWu small commodities market.

Tour of the YiWu small commodities market.

Day 14: May 23, 2013 – Jennifer Sato

We managed to hit 3 different Chinese cities within about 18 hours, and it was exhausting. We ate breakfast, checked out and we headed to one of the Shanghai railway stations to catch a train to Yiwu.

When we arrived in Yiwu, we went to Pizza Hut for lunch and then headed to the Yiwu Commodities Market. Yiwu is a tiny city, where basically the only thing to do is to visit this wholesale market, where companies go to buy products. One of the facts that we learned on our tour is that 90% of the “Made in China” products in America are sourced through Yiwu, and I completely believe it. The market covers over 4 million square meters of space, which holds over 50,000 stores.

After we left the commodities market, we headed to the Yiwu airport. Our flight to Beijing was about 2 hours. 

A view from inside the YiWu small commodities market.

A view from inside the YiWu small commodities market.

Leave a Reply