Since the beginning of the new year, Yiwu International Trade City in China's Zhejiang Province has been offering a wide range of practical and high-quality goods as well as cutting-edge technological products, attracting buyers from all over the world.
Yiwu, an eastern Chinese trading hub, has been dubbed "the world's supermarket" for its expansive small commodities market.
Part of the city's global appeal is the merging of practicality and creativity encapsulated in so many of the products.
At the store of merchant Fu Miaoling, one of the new items appears to be a merely decorative wooden tree. However, when the star atop the tree is removed, its branches can be taken off as well and be used as dish holders or coasters, making it an exquisite item for restaurants and tea rooms.
Thanks to this ingenuity, the new product has garnered a large number of orders since its launch.
"It combines innovative design with practical value. Yiwu's capabilities in the development and innovation of product categories are increasing year by year. In just 10 days, our sales and orders should have exceeded 10,000 sets," Fu said.
From everyday gadgets to cutting-edge technology, Yiwu's innovation wave is sweeping the global market. An AI-powered health and wellness companion robot not only features a smart doctor based on a large model but also offers remote consultations, attracting considerable attention from buyers since its launch. Data shows that during the Spring Festival, online inquiries for new products from Yiwu increased by 80 percent year on year, with domestic and international orders fulfilled until the end of April.
"Many AI products have gradually been applied, with the technologies iterating and updating relatively quickly. They have a very promising future because they represent a future trend," said Zhang Jiajin, the businessman who brought the medical facilities.
Statistics show that on the first day back after the Spring Festival holiday, the Yiwu International Trade City welcomed 291,000 visitors, a 23.8 percent increase year on year. The market features 2.1 million new products, enough to satisfy global buyers with diverse needs.
Global buyers seek creative, cutting-edge products in China's Yiwu
