economy
Daring to be first, keeping pace with the times
In Yiwu, Zhejiang Province, there seems to always be a force that turns the impossible into the possible.
TL;DR
- Yiwu has become a global trading center despite being landlocked, connecting with over 200 countries and regions.
- The city has evolved through six generations of market development, now featuring a Global Digital Trade Center that utilizes AI and digital tools.
- Yiwu is home to over 30,000 foreign residents and is a leading city for foreign-invested businesses.
- Trade with ASEAN and Africa is growing significantly, with Africa becoming Yiwu's largest trading market.
- Yiwu proactively targets new market trends, such as event-driven economies like the FIFA World Cup and holiday economies, with Christmas products being a major export.
- The younger generation of merchants is technologically adept and sensitive to new consumer trends, contributing to Yiwu's continuous innovation.