Core Viewpoint - The article highlights the significance of Linyi as a major wholesale market cluster in China, rivaling Yiwu, and emphasizes its role as a logistics and trade hub with impressive transaction volumes and logistics efficiency. Group 1: Market Overview - Linyi's wholesale market is projected to reach a transaction volume of nearly 660.5 billion yuan in 2024, with a logistics total of 1.0074 trillion yuan, comparable to Yiwu [2] - Linyi boasts the largest wholesale market cluster in China, covering 12 major industry categories and over 600 million types of goods [4][5] - The market includes 136 specialized wholesale markets and over 62,200 shops, employing around 300,000 people [4] Group 2: Logistics and Efficiency - Linyi's logistics operations are extensive, with over 3,000 freight routes connecting to all major cities and ports in China [8] - The average inventory turnover period in Linyi is 3.2 days shorter than Yiwu, and logistics efficiency is 18% higher [4] - Linyi's logistics costs are approximately 30% lower than the national average, with express delivery prices 50% lower [10] Group 3: Geographical Advantage - Linyi is strategically located at the intersection of three major economic zones: the Yangtze River Delta, Beijing-Tianjin-Hebei, and the Bohai Rim [12][14] - This central position makes Linyi an ideal transit hub for trade, reducing transportation costs for businesses [20] Group 4: Historical Development - The development of Linyi's wholesale market began in the 1980s, evolving from a closed agricultural economy to a bustling trade center [43] - The first specialized wholesale market in Linyi was established in 1986, marking the beginning of a significant market development phase [27] Group 5: International Trade and Expansion - Linyi has become a key player in international trade, with a 23.1% year-on-year increase in exports to countries involved in the Belt and Road Initiative, totaling 76.47 billion yuan from January to October 2024 [30] - The city is actively promoting cross-border e-commerce and has established numerous overseas warehouses and trade centers [36][39] Group 6: Government Support and Policy - The local government has played a crucial role in fostering market development by implementing supportive policies and facilitating market growth [46][49] - Linyi's government has established a market development fund and initiated programs to nurture supply chain giants [50]