Middle East tensions drive up costs, Yiwu traders respond with new strategies #CGTN

Middle East tensions drive up costs, Yiwu traders respond with new strategies
Rising energy prices and shipping disruptions stemming from tensions in the Middle East are driving up raw material and logistics costs for traders in Yiwu, China – widely regarded as the global capital of small commodities. In response, many merchants are drawing on existing inventory, adjusting supply chains and adding value to their products to stabilize orders. The steps mean order books are full through July, highlighting the resilience of China’s foreign trade.

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