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Yiwu sees e-commerce boom in Q1

The latest data from Yiwu authorities showed that the e-commerce transaction volume in the county-level city in Zhejiang province reached 71.9 billion yuan ($11.1 billion) in the first quarter of this year, up 35.62 percent from that in 2019 and 32.52 percent from that in 2020. Cross-border e-commerce retailers contributed 19.665 billion yuan in exports […]

Foreign trade through freight trains

Freight train X8020, which was loaded with 100 TEUs of computer sets, hardware, electric appliances, and groceries, departed from Yiwu West station on the morning of May 31, marking the 620th Yiwu-Xinjiang-Europe freight train service this year. “Up until now this year, our companies’ businesses involving exports through China-Europe freight trains have grown more than […]

Fresh steps to upgrade trade

China will implement fresh measures like increasing the number of comprehensive bonded pilot zones, encouraging the use of new technologies and setting up digitized warehouses overseas to boost new forms and models of foreign trade. This move should help advance the process of trade upgrade and generate new competitive strengths for China, said Ren Hongbin, […]