Wenzhou Chamber Forum on January 18 formally announced the setting up of a small articles' comprehensive wholesale market in the city with a total investment of 460 million yuan.
Acquiring an area of around 421 mu, the common people plaza, would include 16 industries and over 10,000 shops. With an estimated yearly turnover of 30 billion yuan, the shopping mall would display small articles like wide range of garment accessories, produced in Zhu Jiang delta, Yangtze River Delta and other places to central plains' region.
At present, over 500 factories producing small articles have registered to enter this wholesale market.
According to the experts, this particular market is a considerable leap towards the development of domestic industry.