Summary: China’s Yiwu market, a major global wholesale hub, is experiencing a shift in its customer base away from the U.S. towards the Middle East, Southeast Asia, and other emerging markets. This shift is driven by the ongoing U.S.-China trade war, with tariffs and uncertainties pushing Chinese suppliers to explore more stable, albeit slower-growing, markets. While the U.S. remains a significant trading partner, the decline in exports and the rise of alternative markets highlight China’s efforts to diversify its trade relationships.

Link: https://www.cnbc.com/2025/09/17/china-connection-newsletter-yiwu-looks-beyond-us-trade-exports-wholesale.html