Yiwu's 'Three Choices': From Price Wars to a 800-Billion-Yuan World Supermarket
A People.com Zhejiang feature on October 27 recounts Yiwu's 'three choices' that turned a small county into a real 'world supermarket.' Today about 38,000 foreign busines…
A People.com Zhejiang feature on October 27 recounts Yiwu's 'three choices' that turned a small county into a real 'world supermarket.' Today about 38,000 foreign businessmen reside in Yiwu, the county with the most inbound arrivals in China, and last year its import-export first topped 800 billion yuan. Merchants describe how the city courted foreign buyers after China joined the WTO in 2001, then moved from copycat imitation to original creation at the Global Digital Trade Center, designing emotional-value products like the 'Cat PAI' spinning blind box that once sold two to three million yuan a day. Yiwu now links to 233 countries and regions with resilient, diversified supply chains.
Source: People.com Zhejiang, Oct 27, 2026 | 2026-10-27
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