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Yiwu sold China’s goods to the world. Now, it wants to do the opposite

SCMP LogoSCMP6d ago

Yiwu sold China’s goods to the world. Now, it wants to do the opposite - SCMP

Quick Summary:

Yiwu, one of China’s largest export hubs, has plans to become a market for foreign goods as Beijing pledges to reduce its trade surplus.

Analysts said Yiwu’s new policy may reflect a shift in China’s trade strategy as it tries to reduce tensions with its major partners by boosting imports.“No business relationship can be sustained if there is only a one-sided surplus,” said Zhou Dewen, the head of an association representing small- and medium-sized enterprises in Zhejiang.

But the export hub is now planning to flip its strategy on its head, and pivot toward helping foreign products find a market in China.


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Article Details

Author / Journalist: Carol Yang

Category: Business

Markets:

Topics:

Source Website Secure: Yes (HTTPS)

News Sentiment: Negative

Fact Checked: Legitimate

Article Type: News Report

Published On: 2025-02-17 @ 09:00:12 (6 days ago)

News Timezone: GMT +8:00

News Source URL: scmp.com

Language: English

Article Length: 193 words

Reading Time: 2 minutes read

Sentences: 8 lines

Sentence Length: 25 words per sentence (average)

Platforms: Desktop Web, Mobile Web, iOS App, Android App

Copyright Owner: © SCMP

News ID: 26207522

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About SCMP

SCMP Logo

Main Topics: Business

Official Website: scmp.com

Update Frequency: 6 posts per day

Year Established: 1903

Headquarters: Hong Kong

News Last Updated: 11 hours ago

Coverage Areas: Hong Kong

Ownership: Independent Company

Publication Timezone: GMT +8:00

Content Availability: Worldwide

News Language: English

RSS Feed: Available (XML)

API Access: Available (JSON, REST)

Website Security: Secure (HTTPS)

Publisher ID: #42

Publisher Details

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The story "Yiwu sold China’s goods to the world. Now, it wants to do the opposite" was covered 6 days ago by SCMP, a news publisher based in Hong Kong.

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  • News ID: #26207522
  • URL: https://chronographically.beamstart.com/news/yiwu-sold-chinas-goods-to-17397565678536

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