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Specialized markets in Zhejiang are prosperous. Trading markets are not only numerous but also large in scale, strong in comprehensive capabilities and have radiating impacts.

The scope of commodity transaction primarily covers all fields of livelihood and production materials. A network of commodity trade has thus been established with consumer goods markets as the core, specialized markets as the distinctive feature, productive material markets as the backup and other factor markets as complimenting elements.

In 2002, there were 4,193 trading markets in the province with a combined turnover of 499.7 billion yuan. Among the markets, 457 saw their annual turnover exceeding 100 million yuan each, 77 exceeding 1 billion yuan each and 6 exceeding 10 billion yuan each.They together have earned Zhejiang the reputation as the "province of big markets" in China.

For years, the province has been a national leader in the three areas of market turnover, the number of markets each exceeding 100 million yuan in trading volumes and turnover of individual markets.

The Yiwu China Commodity City and Shaoxing China Light Industrial Products and Textiles City are China's two largest specialized markets. In 2002, the turnover of China Commodity City in Yiwu reached 22.998 billion yuan, of which 10.5 billion was from export.

These figures put the market on top of the list of markets in China. People from Zhejiang have also set up a number of "Zhejiang Commercial Cities", "Wenzhou Streets" and other markets in different parts of the country and even in Russia, South Africa, the Middle East and South America.

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