Yiwu aiming to carry out dual-cycle model

A foreign merchant purchases sporting goods in Yiwu, Zhejiang province, in January. SHI BUFA/FOR CHINA DAILY Yiwu Party Secretary Wang Jian said that as a preliminary effort to promote imports, Zhejiang China Commodities City Group Co was selected as the sole pilot enterprise. The launch ceremony for Yiwu's innovative import trade pilot project and the first transaction under the positive list was held at Yiwu China Imported Commodities Market. The entire hall is organized based on the 28 major categories in the positive list, featuring over 160 SKUs from the initial trial phase," said Chen Xiang, general manager of Yiwu China Commodity City Import and Export Co. "Currently, we are considering using Commodity City as a pilot unit to advance digital regulatory platforms and test positive list imports. From January to November 2024, the city's imports reached 71.93 billion yuan, a year-on-year increase of 19 percent, accounting for 77.5 percent of Zhejiang's import growth.