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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. Yuyao has become one of the country's biggest
collecting and distributing center for plastic raw materials, machinery and plastic molds.
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