Who made Yiwu-China Small Commodity Index
Yiwu-China Small Commodity Index is aslo called yiwu index.The Ministry of Commerce are responsible for the project, and authorized the Yiwu municipal government organizations to study and prepare of the index.Yiwu govment take the index of a important part of yiwu market system. The Ministry of Commerce chose the "Yiwu-China Small Commodity Index" as its official name in June and entrusted Zhejiang Gongshang University and Hangzhou-based Hundsun Electronics Co., Ltd. to jointly develop the index program
How does yiwu index look like?
The basic point system of the price index stands at 100 and the prosperity index at 1000. The quintessence of the index will be a weekly price index recap published every Tuesday and a monthly prosperity index recap at the beginning of every month.The index will provide scientific statistics for government decision-making and dole out timely and accurate information for small commodity producers and dealers.
When is the first publish of yiwu index
The Chinese government on October 23, 2006 officially launched the country's first small commodities index in Zhejiang Province's Yiwu, China's largest distribution center for small commodities.
The index system has 23 specific sub-indices, chiefly composed of three parts: small commodity price indices, small commodity market prosperity indices and single monitoring and measuring indices.
