A host sells goods through livestreaming at Yiwu Small Commodities Markets. [Photo/zjol.com.cn]
Yiwu, the world's largest small commodity market, has been developing various kinds of e-commerce and strengthening its ability to digitally connect online and offline in the face of the development of the digital economy and the effect of the COVID-19 epidemic.
As a comprehensive service platform for digital trade, the Yiwu Small Commodities Markets launched its online platform Chinagoods two years ago. So far, the platform has attracted over 60,000 offline stores and two million upstream and downstream small-, medium- and micro-sized enterprises. It sells more than five million types of goods.
In the first three months of 2022, the online platform saw the total value of transactions increase by 90 percent year-on-year to exceed 21 billion yuan ($3.17 billion).
The digitalization of trade has also opened up new channels for economic and trade cooperation between China and other developing countries.
In the "Take You to China" exhibition hall of Rwanda in the Yiwu Small Commodities Markets, various commodities are neatly displayed to attract a large number of buyers looking for Chinese goods.
As the offline exhibition hall of Rwanda, it works to help establish a digital trade network between Rwanda and the world. Buyers can browse their goods at the exhibition hall, talk to merchants online and order goods from bonded warehouses to carry out cross-border commence trade in a convenient manner.
In addition, despite the rising costs of international shipping, the Yiwu-Xinjiang-Europe cargo trains continue to run as an important part of China-Europe international logistics. A total of 370 trains set out from Yiwu in the first quarter of this year, a year-on-year increase of 10.1 percent.
