This is how small commodities are turning into huge industries in China

Every year millions of small goods are supplied to approximately 200 countries and areas from China’s central province of Yiwu. Yiwu is China’s famous commodity market, and more than 2.1 million types of products are said to originate from it.

The drinking straw, which makes a profit of about $0.00011 for each unit, is a common small product which comes out of Yiwu City. Nonetheless, don’t let the profit unit fool you: the ‘ small ‘ commodity that takes China an average of 28 million dollars each year.

Mr. Lou Zhongping has been one of the interviewed traders and started as a street vendor 14 years ago to start the business of toothbrushes. But he chose to build his own brand in 1994. As you guess, because of the low size of the income from the product the company did not make any profit. Yet he expanded his product line over time, and developed a heart-formed paw through creativity. In speaking, Zhongping’s creativity and diversification abilities are the product of four straw patents.

The product comes from a small town in the north-east province of Heilongjiang called Yimianpo, China. The product comes from a small town in the north-east province of Heilongjiang called Yimianpo, China. About thirty years ago the Yimianpo people began carving dollars from branches of trees and today the annual sales of the industry from dollars are about 28.41 million dollars and China consumes 90% of its output.

This small province produces approximately 25% of the world’s guitars, 80% of the world’s ukulele guitars are from China.

In Yiwu province there are more than 13 national industries, a regional industrial area, a national economic and technological growth zone, and an industry park at provincial level.