Yiwu, “a seller to the world”, is displaying a strong power to “buy from the world”. From January to October this year, the total import amount of Yiwu reached RMB 7.62 billion, with a year-on-year growth of 172.5%, according to the Customs of Yiwu.

As a “capital of petty commodities of the world”, the model of “buying from the world” launched by Yiwu showed the characteristics of Yiwu. Behind the abrupt increase of import is support of the great platform for import Yiwu has built. As the 2nd China International Import Expo just concluded, the 2nd Yiwu Imported Commodities Expo Autumn Show was kicked off in the middle ten days of Nov., which will last half a month. The Expo has attracted a total of 407 enterprises from 57 countries and regions such as the UK, France and India, including 20 enterprises that have attended China International Import Expo before.

In order to drive the import, Yiwu has released an unprecedented support policy. According to the Several Opinions of Yiwu on Promoting the High-quality Development of Commerce and Trade unveiled last year, for every 1 USD of products imported by enterprises, Yiwu would offer a subsidy ranging from 0.15 to 0.2 RMB. Other than the awesome subsidy policy, Yiwu has boosted the import of enterprises with a better business environment and established a complete set of policy systems to boost the import.

Currently, the incubator is making more breakthroughs in such areas as “bonded+” at a faster pace and promoting the business such as cross-border e-commerce and import.

Executive Editor: Wu Ziyi

Translation: Wu Ziyi, Chen Wenjing