Zhejiang exports to Russia hit record $5.9 billion in Jan-April
On the financial side, many Zhejiang exporters are primarily settling cross-border trade directly in yuan, circumventing dollar-denominated wire transfers.
On the financial side, many Zhejiang exporters are primarily settling cross-border trade directly in yuan, circumventing dollar-denominated wire transfers.
Trade with ASEAN countries rose 68.3%, the fastest among major markets, while commerce with Africa increased 47.3% to 41 billion yuan.
Meanwhile, Yiwu’s trading footprint continued to widen geographically. The city conducted trade with 222 countries and regions in the January-February period, nine more than a year earlier.