Yiwu, known as the world's capital of small commodities, is a global shopping and selling hub.
40 years on, Yiwu trade market epitomizes China's reform and opening-up
China's State Council on Jan 12 unveiled a plan to further promote the development of the digital economy during the 14th Five-Year Plan period (2021-25), which is also the first national-level special plan on the digital economy.
The integration of the Yangtze River Delta, one of China's most economically active,open and innovative regions, is of crucial significance in leading the country's high-quality development.
China is expanding investment scope for foreign investors with a new encouraged industries catalog, demonstrating the country's resolve to attract more foreign investment and spur economic growth.
Yiwu has around 15,000 foreign residents from more than 100 countries and receives more than 550,000 foreign merchants every year.
China will reduce or cancel tariffs on certain imported goods and materials starting in 2021 in a bid to expand imports, boost the domestic market and support the formation of high-standard free trade areas.
To create a friendlier business environment for enterprises in foreign trade and foreign-invested firms, China will make more efforts to boost customs clearance efficiency for imports and exports, employ "single window" services in international trade, and further clear the way to operate or invest in the country.