Stories from Yiwu · China

Yiwu's fourth-generation small commodity market opened in October 1992, achieving the top spot in national market turnover.

Yiwu's GDP has exceeded 120 billion yuan, with 320 China-Europe freight trains operating. Yiwu has opened 320 China-Europe freight trains and sells goods to over 200 countries and regions. Yiwu became the only county-level city in the country to establish customs.

Yiwu City recorded over 3.3 million tourist visits during this year's May Day holiday.

The retail market is adapting to consumer demand with a flexible sales model that allows customers to purchase single items at prices close to wholesale. The Yiwu International Trade City has introduced a flexible sales model to accommodate retail and small purchase demands.

A video industry exhibition in Yiwu attracted approximately 20,000 people.

The third Yiwu International Fashion Accessory Fair has opened, featuring nearly 600 newly developed products.

The Yiwu International Trade City video industry sector features approximately 5,400 merchants. Upstream video accessory merchants account for over 30% of these businesses. The Yiwu video accessories industry has formed a complete closed-loop system spanning accessory R&D, finished product design, and exhibition trade. The third Yiwu International Fashion Video Factory Exhibition is currently being held in Zhejiang province for three days. The industry exports to over 100 countries and regions. The sector is transitioning from following trends to setting them through AI-assisted design and direct factory production. The third Yiwu video industry exhibition attracted over 500 industry-related enterprises. The video industry in Yiwu, Zhejiang, is experiencing rapid development due to increasing consumer purchasing power and diversifying aesthetic demands.

The third Yiwu International Fashion Accessory Fair opened for a three-day period. Most existing clients for the business are located in the Middle East, with interest from Iraq, Denmark, and Turkey. Singaporean buyer Huang Dawen noted the industry's innovation and new product models. The event features creative new products with high aesthetic design. The exhibition is located in Yiwu, Zhejiang province. The Yiwu International Trade City hosts 5,400 video merchants, with upstream video accessory merchants accounting for over 30% of the total. One accessory merchant reported maintaining a stock of over 100,000 different parts within a 150-square-meter space. Exhibitors are reportedly focusing on original designs and deep customization to meet market demand. Upstream video accessory merchants account for over 30 percent of these businesses.

Chinese President Xi Jinping issued instructions regarding the development of the Yiwu small commodity market. China and Egypt are engaging in civilizational exchange and mutual learning within the framework of China's Global Civilization Initiative. This exchange said respect for diversity and common human values, identified civilizational continuity and development, and promoting stronger interpersonal connections.