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China to launch small commodity index named after Yiwu

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 ...

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