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Yiwu with the Belt and Road
Post Time: 11/09/2018


In the five years since the implementation of the Belt and Road Initiative, Yiwu has never stopped integrating with the world. It has expanded trade with countries along the B&R, and its circle of friends has become increasingly internationalized—it has traded with over 210 countries and regions, and nearly 500,000 overseas merchants have come to Yiwu to purchase goods. Businessmen from both Yiwu and the countries along the B&R have greatly benefited from this cooperation.

Yiwu’s trade expansions with countries along the B&R can be attributed to the Belt and Road Initiative. Through access to the eastern “Maritime Silk Road,” the western “Land Silk Road,”, and the spatially unrestricted “Online Silk Road,” Yiwu has become the center of a large trade net.

During the implementation of the strategy “Go Out & Bring In,” economic and trade exchanges between Yiwu and the countries along the B&R have become increasingly frequent. According to data provided by Yiwu Customs, the countries and regions along the B&R have become Yiwu’s main export markets. From January to July this year, the total export volume was 72.84 billion RMB, a year-on-year increase of 7.7%, accounting for 50.3% of the total export value. In addition, the growth rate of Yiwu’s exports to the Czech Republic was comparatively quick, reaching 190 million RMB, a year-on-year increase of 597.6%. (By Wu Fengyu Yiwu Business –, translated by Shen Yingying, edited by Xiamara Hohman)

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