Yiwu China Commodity Index is also called Yiwu Index. It indicates the trends and fluctuations going on in the Yiwu market. . The system was developed and enforced by Ministry of Commerce in 2006. It is well-equipped with the latest technology and has world-class monitoring units for precise results. It shows price index, market boom index, and other important charts. The various indices are printed weekly and monthly. The data for these indices is available on the website of Ministry of Commerce and media in the country such as CCTV.
How This Index Works?
The data is calculated and published by a dedicated team of experts in the industry. Yiwu Index includes details such as daily price, number of visitors to stores, and orders received. After putting the details together, it is calculated, filtered and finally published.
Why Yiwu Index?
The data helps reflect price trends and analyze the market trends and situation. This gives a clear idea of the current financial situation of the market and serves as a tool to indicate any dysfunction or crisis. If required, government authorities can interfere to address the issues and provide guidance to the manufacturers and traders. Furthermore, it has surely helped China’s economy on large.