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Yiwu's Christmas exports jump 20%

THE city of Yiwu in east China's Zhejiang province, the world's largest small commodities market, which produces 60 percent of global Christmas decorations, has seen remarkable growth of about 20 percent in Christmas exports compared with pre-pandemic levels, the Global Times learned from local merchants while visiting Yiwu on Monday.

Experts said that the export increase mirrors the stable development of China's export trade this year amid weakening global demand. The country's foreign trade in 2024 will remain stable, boosted by efforts to further open up as well as the vitality of major export enterprises, they noted.