Day 10 – Yiwu City

We met early in the morning, at 7.15 am in the lobby. Throughout the day we were accompanied by DJ, who is a local Chinese student who studied for one year at the ZHAW. After a two hour drive with the coach we arrived in Yiwu city. Yiwu city is a city that was pushed by the government as a trading area and is nowadays the largest global commodities wholesale market. The business area of “China Yiwu City International Trade Market” is over 4 billion square meters with approximately 130 market halls. We visited two market halls. The first market hall included show rooms selling goods from Chinese suppliers whereas the second hall is offering products from foreign companies. After a delicious traditional Chinese lunch we took the coach to Neoglory Jewelry Co., Ltd. We were warmly welcomed by the CEO of the company. He introduced us to his company who is number one for fashion jewelry in China and presented us his show room. We even had the chance to buy jewelry with a generous discount.

Last but no least we visited Yiwu Industrial & Commercial College (YWICC). We were shown a presentation about the school. After the presentation we had an interesting discussion with two students from the College which offers a degree in Entrepreneurship. Lastly, we were guided through their innovation park on the campus. The innovation park is an exhibition of the innovations of several students. Then, we drove back to the hotel by bus. After the arrival at the Ramada at around 7 pm everybody enjoyed their free evening.