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¡¡¡¡All these high-grade markets are of some scale and have a satisfactory range of
functions. As of 1998, the city has some 109 markets, including 16 markets of the means of
production, 88 consumer markets and 5 element markets. These markets, with the floor space
totaling 617,000 square meters and investment totaling 293 million yuan, secured a trade
volume of 10.39 billion yuan in 1998. Under the joint sponsorship of the local government
and China's Light Industry General Association, 'China (Yuyao) Light Industry Mould City'
has taken shape with a scheduled floor space of 120 hectares. The Mould City's first phase
project, occupying a floor space of 10 hectares, has been completed and put into
operation. The 150-hectare China Plastic City was already opened for business. Its first
phase project, occupying 7.5 hectares, has seen enthusiastic market reactions and secured
an annual sales volume of 5 billion yuan. So far, the construction of its second phase
project, which is scheduled to occupy 34.5 hectares, has been underway. This phase of
project will include three sectors, namely, the plastic raw materials trading sector, the
plastics industry development sector and the comprehensive service sector.
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