Core Viewpoint - Yiwu, as the world's largest distribution center for foreign holiday gift products, continues to see an increase in order volume despite the impact of additional tariffs imposed by the U.S. since April [1][3]. Group 1: Market Dynamics - Yiwu exports nearly 80% of the global market for foreign holiday gift products, with significant activity observed as foreign buyers begin placing orders for the upcoming holiday season [1]. - Many foreign buyers started placing orders as early as May to prepare for year-end holidays, with a peak shipping period expected to begin in July [3]. - Business owners in Yiwu report an increase in order volume compared to last year, with a diverse product range attracting customers from various regions, including South America, the Middle East, and Europe [3][5]. Group 2: Business Strategies - Business owners are adapting their strategies by accepting smaller orders from other countries to compensate for the absence of U.S. clients, who typically account for less than 10% of Yiwu's exports [4]. - The market's export structure is diversified, allowing businesses to remain resilient despite the challenges posed by the international trade environment [4][5]. - The introduction of new products tailored to different regional preferences has been a key strategy for maintaining competitiveness in the market [5]. Group 3: Financial Practices - Yiwu is promoting cross-border RMB settlement to reduce exchange costs and attract clients from countries less reliant on the U.S. dollar, enhancing its international business network [6]. - Many merchants are now prioritizing RMB for trade settlements, as it is perceived to be more stable compared to the U.S. dollar amid ongoing currency fluctuations [5][6].

Core Viewpoint - Yiwu is a major global hub for the export of foreign holiday gift products, accounting for nearly 80% of the global market share, with a significant increase in orders this year compared to last year [1][6]. Group 1: Market Dynamics - Yiwu International Trade City is experiencing a peak season for foreign holiday gift orders, with many foreign buyers actively purchasing products [3]. - The city has a complete production, sales, and packaging supply chain for holiday gift items, offering a wide variety of products including toys, holiday apparel, and decorations [4]. - Despite complex international trade conditions, many vendors in Yiwu report an increase in order volumes, particularly from South America, the Middle East, and Europe [6][12]. Group 2: Vendor Strategies - Vendors are adapting to the changing market by diversifying their client base, with less than 10% of orders coming from U.S. clients, thus mitigating risks associated with reliance on a single market [8]. - Some vendors have shifted from only accepting large orders to a more flexible approach to accommodate varying demand [6]. - Product innovation and the introduction of new designs are key strategies for vendors to enhance competitiveness and attract more foreign buyers [12][14]. Group 3: Emerging Markets - Orders from Central American countries such as Mexico, Chile, and Ecuador have been on the rise, indicating growth in these markets [10]. - The implementation of a 240-hour visa-free transit policy has significantly boosted orders from South America, helping to fill gaps left by the U.S. market [14]. - Yiwu businesses are actively exploring new markets in ASEAN, Central and Eastern Europe, and Latin America through participation in overseas exhibitions and the establishment of cross-border e-commerce platforms [14].