YIWU CCC(600415)2024-03-15 07:34Group 1: Import and Export Data - In 2023, Yiwu's total import and export value reached 5660.5 billion CNY, an increase of 18.2% year-on-year [3] - Exports surpassed 5000 billion CNY for the first time, totaling 5005.7 billion CNY, with a year-on-year growth of 16.0% [3] - Imports amounted to 654.8 billion CNY, showing a significant year-on-year increase of 38.7% [3] - Notable growth in trade with Africa and Latin America, with import and export values of 1049.0 billion CNY and 897.6 billion CNY, respectively, reflecting year-on-year increases of 24.9% and 25.4% [3] Group 2: Market Activity and Trends - On the opening day of the Yiwu market on February 21, 2024, the opening rate reached 94.6%, up 2.1% from the previous year [4] - Total customer flow on the opening day was 228,000 people, indicating a noticeable increase in foot traffic and foreign visitors [4] - Many hotels reported high occupancy rates, with some experiencing difficulty in booking rooms due to increased demand [4] Group 3: Technological Innovations - In October 2023, the company launched the chinagoods AI platform, allowing merchants to upload a short video in Chinese, which is then automatically translated into 36 languages [5] - This innovation aims to enhance trade efficiency by addressing language barriers and improving online customer service [5] - The initiative is part of a broader strategy to integrate AI applications across the supply chain, promoting a more intelligent and innovative market environment [5] Group 4: Global Trade Center Development - The Global Trade Center project covers an area of 561.6 acres, with a total construction area of 1.256 million square meters and an investment of 8.32 billion CNY [5] - The project focuses on new trade, new landmarks, and new markets, aiming to create a comprehensive ecosystem for small commodity trade [5] - It will feature integrated transaction fulfillment, industry-city linkage, and a blend of online and offline commerce [5]