10th Five-Year Plan
Updated: 2006-04-18 11:32 There were 39 wholesale markets each generating more than 5 billion
yuan in transaction volume in 2000. Of them, east China had 34, Jilin, Anhui,
Jiangxi and Hunan in central China each had one, and Chongqing, the only one in
west China, had one. With the development of economy and improvement of
transportation conditions in western China, western China has posed great
potential in development of wholesale markets.
-- Backward transaction methods. China's wholesale markets are still
dominated by the traditional booth trading system. But the wholesale markets in
the developed countries mostly use the methods of open bidding and auction in
transaction. The booth transaction method on China's wholesale markets decides
prices over the counter, which cannot fully reflect the relations between supply
and demand.
-- Prompt cash transaction. Most of the wholesale markets in China adopt the
"cash on sale" settlement method, and the method of centralized settlement by
banks has not yet been widely used in China. In contrast, prompt cash
transaction is rarely used on the wholesale markets in the developed countries.
-- Backward goods flow and distribution conditions. The majority of the
wholesale markets in China has not set up standardized goods flow and
distribution system, causing big wastes in manpower and materials, and low
efficiency. The imperfect system of goods flow and distribution has given easy
access to fake and shoddy products on the wholesale markets.
-- Paying great attention to fee collection, but less to management and
services. Many wholesale markets have not built up sound administration rules to
help improvetheir management and services.
(US$1=8.27yuan)
[Source:State Development and Reform Commission]
(For more biz stories, please visit Industry Updates) |
