The latest data show that in the first quarter of this year, the Yiwu Mould City (YMC) shows great vigor, with a market turnover exceeding 100 million RMB, of which 16.1 million RMB was the export volume.

Shen Hongwei, the person-in-charge of a 3D mould factory in the YMC, said that thanks to the increasing demand in the personalized market, the turnover of their factory in the first quarter of this year increased by more than 50% compared with the same period last year. The business of Gao Maocai’s mould processing factory in the YMC is also booming. The turnover of his factory this year has increased by 30% over last year, with an average revenue of more than 500,000 RMB per month.

According to Zhu Xiaobo, the person-in-charge of the YMC, by implementing the “Five Modernizations” reform, optimizing services, and enriching market functional areas, the YMC has now formed a professional mould industry chain, which spreads over the whole province and even reaches surrounding provinces and cities. In the future, the YMC will also focus on digital reforms and promoting innovative development, aiming to continuously enhance its market influence. (By Gong Yan, translated by Shen Yingying, edited by Mariam Ayad)