Little Yiwu in New York: Business is flourishing
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Yiwu is a Chinese city famous for its small commodity trade and vibrant market and is a regional tourist destination. According to Xinhua, more than 60% of Christmas trinkets worldwide in 2013 came from Yiwu. Merchandise from Yiwu have found their way into US by establishing a wholesale hub dubbed “Little Yiwu” in New York. Chris Lu explains the situation.
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