Core Viewpoint - Yiwu, a traditional foreign trade base in China, remains calm and confident amid the tariff war, with minimal impact on its export activities, contrary to external expectations [1][3][20]. Group 1: Export Dynamics - The overall export scale of Yiwu is projected to reach nearly 600 billion yuan in 2024, with direct exports to the U.S. accounting for less than 2% of total exports [4][5]. - Yiwu's total export value is approximately 588.96 billion yuan, showing a year-on-year increase of 17.7%, while imports reached 79.97 billion yuan, up 22.2% [5]. - The market procurement trade method contributes significantly to Yiwu's exports, with 4.7176 trillion yuan exported through this method, representing 80.1% of total exports [5]. Group 2: Trade Strategy and Adaptation - Since the onset of the trade war in 2018, Yiwu has shifted its focus towards trade along the "Belt and Road" initiative and the internationalization of the renminbi, enhancing its trade security [5][8]. - Yiwu's export model primarily involves non-branded finished products, which are less affected by tariff changes due to their market procurement nature [9][12]. - The establishment of digital platforms like Chinagoods and payment systems like YiwuPay reflects Yiwu's efforts to adapt to changing trade dynamics and promote renminbi internationalization [14][16]. Group 3: Market Perception and Future Outlook - The perception of Yiwu as a barometer for U.S.-China trade is outdated, as its role has evolved into a hub for non-U.S. trade [18][20]. - Despite potential losses in U.S. orders, Yiwu continues to grow, indicating resilience and adaptability in its trade practices [20][23]. - The diversification of trade relationships, particularly with regions like the Middle East and Latin America, is becoming increasingly important for Yiwu's future [23].
吴劲草:为什么这次义乌很淡定?