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China to launch small commodity index named after Yiwu
- Article from:
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Xinhua News Agency
- Article date:
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October 14, 2006
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Copyright informationCopyright 2006 Xinhua News Agency. Provided by ProQuest LLC. (Hide copyright information)
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China to launch small commodity index named after Yiwu
HANGZHOU, Oct. 14 (Xinhua) -- The Chinese government is to launch
a small commodities index named after Yiwu, the country's largest
distribution center for small commodities, in eastern Zhejiang
Province.
The "Yiwu-China Small Commodity Index" will be aired daily on
China Central Television from Oct. 22, as an indicator of the
industry's national climate, a source with the local government has
said.
The Ministry of Commerce is hoping the "Yiwu index" will become a
recognizable brand like the Dow-Jones Average, the source said.
Yiwu has more than 1,400 accessories enterprises employing almost
90,000 people. Its major products are ...