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After years of operation and accumulation, Yiwu market has formed an industrial cluster in the field of small commodity circulation, which has collected a large amount of information and data such as trading, customs declaration, logistics and foreign exchange settlement, and explored new business models through multiple application products.On December 11th, the General Office of the State Council issued a letter agreeing to the Overall Plan for Deepening the Comprehensive Reform of International Trade in Yiwu City, Zhejiang Province (hereinafter referred to as the "Plan"). This means that Yiwu will usher in a new round of international trade reform.We will try first in many aspects.

It is reported that from January to September 2024, the transaction volume of new cross-border payment business of "Yi Pay Yiwu Pay" exceeded 20 billion yuan.According to local media reports, in this deepening of international trade reform, Yiwu will accelerate the breakthrough in "buying the world" and deepen the iteration in "selling the world". At the same time, focus on digital trade, do a good job of "platform building+market cultivation+model innovation", and comprehensively promote the digital upgrading of the four core elements of "people, goods, markets and chains".According to local media reports, in this deepening of international trade reform, Yiwu will accelerate the breakthrough in "buying the world" and deepen the iteration in "selling the world". At the same time, focus on digital trade, do a good job of "platform building+market cultivation+model innovation", and comprehensively promote the digital upgrading of the four core elements of "people, goods, markets and chains".

In the new round of international trade reform in Yiwu, the National Development and Reform Commission will take the lead in providing guidance services, work with relevant departments in the State Council to implement the tasks according to the division of responsibilities, actively support Yiwu City in Zhejiang Province to deepen the comprehensive reform of international trade in accordance with relevant state regulations, strengthen overall coordination and guidance and evaluation, and help solve the difficulties and problems encountered in the implementation of the plan.Yiwu market is associated with 2.1 million small and medium-sized enterprises nationwide.Yiwu, Zhejiang, known as the "world supermarket", is the largest small commodity distribution center in the world. Among them, Yiwu State-owned Commodity City (600415) is the main operator of Yiwu market.