Chinese computer, communication products and consumer electronics retailer Yosen Group plans to launch a new business unit in New York City.

By leveraging the rich resources of the China Commodity City in Yiwu, Zhejiang Province, which is China’s renowned commodity wholesale market, Yosen’s new business unit will commence its international trade and wholesale business in New York.

In 2005, China Commodity City was honoured by the United Nations, the World Bank and Morgan Stanley, among other world authorities, as the “largest small commodity wholesale market in the world”.

Today, occupying a total operating area of over 50 million sqft, China Commodity City has been ranked number one for 22 years consecutively among China’s major wholesale markets.

Founded almost 20 years ago in Yiwu City, Yosen Group and its management have a long established and extensive local network.

“Yosen is committed to bringing the world’s best products into China, and in the meantime will be bringing China’s competitive products overseas by expanding its international wholesale business,” said CEO Zhenggang Wang.