The Belt and Road Initiative and the World's Largest Small Commodity Market

The Belt and Road Initiative and the World's Largest Small Commodity Market

Yiwu Business Circle

Lijun Lu


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Located in the central Zhejiang province, Yiwu is a mountainous region originally inhabited by farmers. The poverty-stricken land left farmers with no option but commercial trading for a living. The city has a long history of being a hub for commercial trade. In the last two decades, the Yiwu international trade market has grown to be the world's largest small commodities market. This book studies the rapid development of 'Yiwu Business Circle' in the past two decades. Based on field research, the book analyzes the 'Yiwu Business Circle' from different levels such as the market system, supporting industry, merchant group and logistics network. The book also reveales the challenges and opportunities posed to 'Yiwu Business Circle' by the Belt and Road Initiative. It explores how the 'Yiwu Business Circle' will contribute to the Belt and Road Initiative by utilizing its strong business, logistics, capital and information flow platform that is established and shared by global manufacturers and merchants.

  • About the Author
  • Introduction to 2019 Edition
  • Introduction
  • Connotations and Features of 'Yiwu Business Circle'
  • 'Yiwu Business Circle' Division of Labor Collaboration Network
  • Formation Path and Mechanism of 'Yiwu Business Circle'
  • 'Yiwu Business Circle' Development Trend and Strategies
  • Construction of 'Yiwu Business Circle' and Innovative International Trade City
  • Expansion of 'Yiwu Business Circle', Innovation of 'Yiwu Development Experience'
  • Bibliography

Readership: Academics, policymakers, undergraduate and graduate students interested in China's regional development, Yiwu Business Circle, small commodity business, China's Belt and Road Initiative.China;Yiwu Business Circle;Wholesale;Logistics00