Even as recent tariff hikes on imports from the Chinese mainland and other trading partners challenge global trade, the Yiwu International Trade Market is booming with innovation and resilience.
In the first quarter alone, the market recorded a total import and export value of 167.45 billion yuan (about $23 billion), marking a 13% year-on-year increase. Many local merchants are turning to product innovation and exploring broader international markets to counter the impact of US tariffs.
The dynamic energy at Yiwu is as infectious as the latest chart-topping hit, inspiring young entrepreneurs and global traders alike. 🚀 With its reputation as the world’s largest wholesale hub for small commodities, Yiwu is setting a positive trend for commerce even in challenging times.
Reference(s):
cgtn.com
