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Belt and Road Initiative and the World’s Largest Small Commodity Market
Studies the rapid development of “Yiwu Business Circle”, the cross-region division of labour collaboration network established by the relevant regions and economic in Yiwu, the largest global small commodity market. Analyzes the different levels such as the market system, supporting industry, merchant group and logistics network. Reveals the challenges and opportunities posed to “Yiwu Business Circle” by the Belt and Road Initiative (BRI). Explores how it will contribute to the BRI by utilizing its strong business, logistics, capital and information flow platform that is established and shared by global manufacturers and merchants. Describes the expansion of “Yiwu Business Circle” as innovative international trade city.
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