Xi Jinping Mentions Learning from Yiwu's Development Experience: Developing County Economies According to Local Conditions
Chinese President Xi Jinping highlighted the "Yiwu development experience" of building a huge market from small commodities as a successful model for county economy development, urging other regions to learn from it amid economic challenges.
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- 📰 Published: April 23, 2026 at 17:00
- 🔍 Collected: April 23, 2026 at 17:32 (32 min after Published)
- 🤖 AI Analyzed: April 23, 2026 at 18:50 (1h 18m after Collected)
Taipei, April 23 (CNA) -- As China's economy faces various challenges, Xinhua News Agency reported today that Chinese President Xi Jinping recently issued an important directive: Yiwu's small commodities have opened up a big market and grown into a big industry, forming the "Yiwu development experience," which is a successful practice of developing a county economy suited to local conditions.
Xinhua quoted Xi Jinping emphasizing the need to combine the study and education of establishing and practicing a correct view of political performance, to further summarize and apply the "Yiwu development experience." This will guide all regions to base their efforts on their own resource endowments, respect the pioneering spirit of the grassroots and the masses, reform and innovate, work earnestly, persevere, and explore a path of high-quality development suited to their respective realities, thereby better serving and integrating into China's overall development.
Yiwu is a county-level city under the jurisdiction of Zhejiang Province. The report mentioned that when Xi Jinping worked in Zhejiang in his early years, he visited Yiwu for research multiple times, summarizing and promoting the "Yiwu development experience." In recent years, Yiwu has continuously broken new ground in "small commodities, big markets." The number of merchants in the small commodity market has exceeded 1.26 million, trading with more than 200 countries and regions. In 2025, its foreign trade export volume ranked first among all counties (cities, districts) in China.
China News Service recently cited Yiwu Customs data reporting that in the first two months of this year, Yiwu's total import and export volume reached 173.56 billion RMB (about 798.4 billion NTD), a year-on-year increase of 52.8%; among which exports were 154.72 billion RMB, up 52.9%, and imports were 18.84 billion RMB, up 52.6%.
Regionally, Yiwu's foreign trade circle has further expanded, with major foreign trade markets growing by more than 20%. In the first two months of this year, Yiwu traded with 222 countries and regions globally, an increase of 9 from the same period last year.
According to CCTV News, prior to the kickoff of the 2026 FIFA World Cup in the US, Canada, and Mexico, Yiwu's orders related to the World Cup continue to grow.
Xinhua quoted Xi Jinping emphasizing the need to combine the study and education of establishing and practicing a correct view of political performance, to further summarize and apply the "Yiwu development experience." This will guide all regions to base their efforts on their own resource endowments, respect the pioneering spirit of the grassroots and the masses, reform and innovate, work earnestly, persevere, and explore a path of high-quality development suited to their respective realities, thereby better serving and integrating into China's overall development.
Yiwu is a county-level city under the jurisdiction of Zhejiang Province. The report mentioned that when Xi Jinping worked in Zhejiang in his early years, he visited Yiwu for research multiple times, summarizing and promoting the "Yiwu development experience." In recent years, Yiwu has continuously broken new ground in "small commodities, big markets." The number of merchants in the small commodity market has exceeded 1.26 million, trading with more than 200 countries and regions. In 2025, its foreign trade export volume ranked first among all counties (cities, districts) in China.
China News Service recently cited Yiwu Customs data reporting that in the first two months of this year, Yiwu's total import and export volume reached 173.56 billion RMB (about 798.4 billion NTD), a year-on-year increase of 52.8%; among which exports were 154.72 billion RMB, up 52.9%, and imports were 18.84 billion RMB, up 52.6%.
Regionally, Yiwu's foreign trade circle has further expanded, with major foreign trade markets growing by more than 20%. In the first two months of this year, Yiwu traded with 222 countries and regions globally, an increase of 9 from the same period last year.
According to CCTV News, prior to the kickoff of the 2026 FIFA World Cup in the US, Canada, and Mexico, Yiwu's orders related to the World Cup continue to grow.