Hints and tips:
...Back at his stall in the giant Yiwu International Trade City, Zhu, the socks exporter, said he stopped seeking renminbi payments from an Ethiopian client this year because the lack of currency reserves meant...
...The country’s trade balance for August narrowed from July to a surplus of $79bn....
...Production in the world’s second-largest economy was dented by a new round of city lockdowns in August, which has hurt manufacturing and export hubs such as Yiwu in south-eastern Zhejiang province....
...Nina Fang, a salesperson at an exercise equipment company in Yiwu, said her business usually exports by sea....
...The shortage underscores the dilemma Chinese authorities face in balancing their muscular approach to international diplomacy with the needs of the economy....
...Mr Li, a manufacturer at the sprawling Yiwu International Trade Centre, a wholesale centre in eastern Zhejiang province, has been turning down orders to make Chinese flags for the week-long National Day...
...The entire industry will certainly change,” Mr Lou told the Financial Times at his company’s headquarters in Yiwu, about 175 miles south-west of Shanghai....
...“My factory restarted operations [in] February and Yiwu’s international trade market [a major wholesale centre] has also reopened,” she says. “So far half of our workers and salesmen are back at work....
...With 80,000 shops covering an area the size of more than 750 football pitches, Yiwu’s International Trade City has for years attracted foreign retailers stocking their stores for Christmas....
...With money and engineering help from an international housing aid charity, Lara’s father, Musif, has plugged leaks, painted walls, put in a proper toilet and fixed their electricity supply....
...But the Yiwu-London train carried socks, shoes, and other household goods. Speed is expensive, and in this case, probably unnecessary....
...With plans to expand in Latin America, Russia and Africa, DP World’s focus on international markets is helping to mitigate a slowdown in its domestic activity....
...The €400m deal was backed by IDG Capital Partners and Yiwu State-Owned Assets Operation Center....
...Another clear risk to the country’s economy is its extreme dependence on China as a trade partner....
...After being turned away from the fair, Mr Abior travelled to Yiwu, the vast international market town in eastern China where African traders come in their thousands to buy everything from rubber gloves and...
...Jin Xufeng of Kingland International Transportation, a logistics services company in Yiwu, says the International Trade City, the world’s largest small goods market, aims for a more profound transformation...
...“The Yiwu index has not gone up significantly since its creation,” says Su Weihua, a professor at Zhejiang Industrial and Commercial University and founder of the Yiwu China Small Commodities Index....
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