Yiwu

Yiwu (simplified Chinese: 义乌; traditional Chinese: 義烏; pinyin: Yìwū) is a county-level city under the jurisdiction of Jinhua in Central Zhejiang Province, East China. As of the 2020 census, the city had 1,859,390 inhabitants and its built-up (or metro) area, joined with that of the neighboring Dongyang, was home to 2,947,340 inhabitants.[3] The city is famous for its light industry commodity trade and vibrant market and as a regional tourist destination. Yiwu was founded as Wushang County in 222 BCE, right before the Qin dynasty. It was renamed Yiwu County in 624 CE. Trade has been historically important in Yiwu since the surrounding area has little arable soil. Even before 1600s, Yiwu men would carry sewing needles, threads, sugar chunks and other small commodities in their bamboo baskets, using a shoulder-pole and travel to surrounding rural villages in exchange for chicken feathers. Chicken feathers could be either used as a fertilizer for their own lands or made into feather dusters for exporting. This "Sugar-For-Chicken Feathers" tradition had become part of Yiwu culture. As the trading population grew larger, the earliest wholesale markets emerged in Yiwu around 1700s. After the founding of People's Republic of China in 1949, the free market was once considered capitalistic and hence officially suppressed, forcing Yiwu people to continue their trade secretly. It was only after Deng Xiaoping's economic reform in 1978 did the Yiwu market thrive again, becoming one of the first free marketplaces in PRC's history. The cement boards over a stinky ditch nearby Huqingmen street, set up by the local government as the first marketplace in 1982, later became the present day Yiwu International Trade Mart after 27 years of development.[4]