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It is reported that from January to September 2024, the transaction volume of new cross-border payment business of "Yi Pay Yiwu Pay" exceeded 20 billion yuan.Yiwu's international trade reform began in 2011, and Yiwu is also the first pilot city of comprehensive international trade reform approved by the State Council. Subsequently, Yiwu made a series of reform breakthroughs in key areas and links of international trade, which provided useful experience for promoting the transformation of the national foreign trade development mode and building an open economic system. Among them, the "market procurement" trade method initiated by Yiwu provides a simple and efficient system for the export of small commodities, which has been replicated and promoted in 39 cities across the country and has become an important measure for the steady growth of foreign trade.After years of operation and accumulation, Yiwu market has formed an industrial cluster in the field of small commodity circulation, which has collected a large amount of information and data such as trading, customs declaration, logistics and foreign exchange settlement, and explored new business models through multiple application products.

The State Council approved! "World Supermarket" will open a new round of international trade reform.We will try first in many aspects.According to local media reports, in this deepening of international trade reform, Yiwu will accelerate the breakthrough in "buying the world" and deepen the iteration in "selling the world". At the same time, focus on digital trade, do a good job of "platform building+market cultivation+model innovation", and comprehensively promote the digital upgrading of the four core elements of "people, goods, markets and chains".

Yiwu market is associated with 2.1 million small and medium-sized enterprises nationwide.It is reported that Yiwu International Trade City has gathered 26 categories and more than 2.1 million kinds of goods, radiating to 233 countries and regions, and an average of 30 million express deliveries are sent from here every day. It is also related to the development of 2.1 million small and medium-sized enterprises nationwide and the employment of 32 million industrial workers.