Yiwu is nurturing high value-added industries in biopharmaceuticals, Chinese herbal products, healthcare products, and drinks, and putting efforts into upgrading the traditional food industry.

It is strengthening the introduction of quality projects, the cultivation of leading enterprises and the incubation of sci-tech innovation enterprises, and is bringing in large traditional Chinese medicine (TCM) enterprises and research institutes to form a medicine industrial cluster featuring leading enterprises.

It is focusing on nurturing top local enterprises and bringing in outside projects in the medical equipment industry. With the support of preferential land, finance and tax policies, the city is attracting large medical equipment enterprises and quickly forming an industrial hub for rehabilitation equipment for health and fitness.

Two main fields for development

Food and medicine, and medical equipment

Three development platforms

Industrial development platform, innovation incubation platform, and investment platform