Small Commodity City Faces Multiple Positive Catalysts, Maintaining Key Recommendation [Shenwan Retail & Social Services]

English summary

From July 23-25, the TV special documentary "World Yiwu - Xi Jinping's Care and Guidance for Yiwu's Development" aired three consecutive episodes on CCTV-1 and other major media platforms, once again highlighting Yiwu's strategic position in the national economic development and providing endorsement for expectations of possible subsequent policy support. # Imports and exports stable and improving: In 26H1, Yiwu's total import and export value reached 486.42 billion CNY, up 19.9% YoY. Among them, total exports were 420.72 billion CNY, up 17.3% YoY, with significant improvement in May and June growth rates. # Multiple confirmations of market prosperity: On July 17, six shop transactions were completed in the market section of the Global Digital Trade Center, located in the creative trendy toy industry, with transaction prices of 7.15-8.97 million CNY, corresponding to an average price of 240,000-300,000 CNY per square meter, doubling from the 130,000-140,000 CNY transaction price at the first public bidding last year. The market prosperity and future outlook are optimistic. In June, existing shop auctions were held in the jewelry industry in Zone 1 and the cosmetics industry in Zone 3. The second-floor shop transaction price reached as high as 17 million CNY (1.8 million CNY/sq m), comparable shops achieving about 10% appreciation from September last year.…