The 'World's Supermarket' Adapts Amid Trade Tensions
In Zhejiang Province's Yiwu – a city supplying 65% of the world's Christmas decorations, 70% of global artificial flowers, and countless small commodities – exporters are redefining resilience. Known as the planet's largest small goods marketplace, this Chinese mainland hub connects over 200 countries and regions through its 7.5 million product categories.
Global Networks Trump Protectionism
While U.S. tariff threats dominate headlines, Yiwu's business leaders emphasize diversified markets as their safeguard. 'Our strength lies in serving customers from Saudi Arabia to South America,' explained a local manufacturer of religious artifacts. 'When one market fluctuates, others balance it.'
'The world still needs quality, affordable goods – tariffs can't change that fundamental truth,' noted a Kenyan importer purchasing hardware tools during CGTN's visit.
Supply Chain Innovation Thrives
Yiwu's exporters showcase adaptive strategies:
- Customized production for emerging markets
- Blockchain-enabled logistics tracking
- Cross-border e-commerce partnerships
As the city prepares for its annual International Small Commodities Fair, stakeholders remain focused on sustainable growth through technological upgrades and market diversification.
Reference(s):
U.S. tariff threats less scary when you trade with the whole world
cgtn.com