A machine embroidered hanging ornament costs 1.8 yuan, and a 60-centimeter-high Christmas tree 3 yuan. Although more than 20 days away from the Christmas day, Santa Claus, red Christmas stocking, rod, and dress and personal adornment can be seen everywhere in the city of Yiwu, known as the "supermarket of the world", reported Xinhua on Sunday in Hangzhou, capital of East China's Zhejiang Province.

Now it is people in Yiwu who are making preparations for the western festival Christmas day, said a local seller tastily. Certainly, when exported overseas, these commodities will be price-doubled, according to the overseas edition of People's Daily on Monday.

More than 100,000 household-product enterprises from both home and abroad are operating here and producing 1,502 categories with 320,000 specifications of commodities in Yiwu. The prices of many products manufactured here have exerted impact on those of global small commodities, becoming the "Yiwu price" that influences the world's market. The impact has drawn attention from the United Nations. In August this year, the United Nations established the first buying information center in China here and Yiwu has taken part in the UN procurement network and become an important base for the UN's material purchase as well as a price information center.

He delivers 6 or 7 containers of goods to the Middle East every month, said in Chinese a businessman from the Middle East in Yiwu. He is very sensitive to the market price fluctuation here. If getting goods with higher prices, there will be immediate responses from the Middle East markets.

"The present Yiwu has become the largest ornament-producing and -marketing base in the mainland, and the "price of Yiwu" has fixed my retail one, said Mr. Zhang from Hong Kong who has worked for 20 years in the ornament business.

By People's Daily Online