From street stalls to global trade hub: What is Yiwu's formula for success?

Located in east China's Zhejiang Province, Yiwu is neither on the border, nor on the coast. Once hindered by poor transportation links and scarce resources, the county-level city has written a remarkable chapter in China's county-level economic development over the past four decades, since the opening of its first-generation small commodities market in 1982.

Forging what has become known as the "Yiwu development experience," marked by a spirit of innovation and the ability to "create something from nothing," the city has grown into the world-renowned "capital of small commodities."

Today, Yiwu is home to more than 1.26 million business entities and maintains trade links with more than 230 countries and regions. In 2025, its export value ranked first among all county-level regions in China.

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