Yuyao became a raw material and finished product distributing center early in 1980s,has the reputation of "Kingdom of Plastics".China Plastics City is a key project of the Yuyao Municipal Committee of Communist Party of China and Yuyao Municipal People's Government,integrated with science,industry and trade.The construction of China Plastics City,promotes the development of Yuyao's plastic industry and related industries,preliminary realized the two essentials transformation,that is,a transformation from single plastic raw material to a professional means of production market of high level,comprehensive and broad radiation,a transformation from single transacting function to a multifunctional market combined with industry and commerce,matched with storage,information releasing and inhabitation management.

At present,there are totally over 950 business companies in China Plastics City,among them,over 40 are oversea petrochemical distributors or dealers.In 2004,the gross sales amounted to about RMB18 billion,with trade volume 1.8 million tones.By the end of 2004,the gross sales totally about RMB 89.01 billion. Materials-distributing network covers all over the country except Tibet and Qinghai.The price information has become an important basis for decision to the industrial players.