Foreign tourists shop and explore at the Yiwu International Trade Market in Zhejiang province. [Photo provided to chinadaily.com.cn]

Zhejiang secured the first position on the newly released list of China's Top 100 Commodity Markets, announced at the 14th China Commodity Market Forum on Nov 26. A total of 29 Zhejiang markets made the ranking, the highest of any province.

The list includes leading hubs such as Yiwu International Trade Market and China Textile City in Shaoxing, both recognized for their scale, diversified structure, and rapid digital transformation. The province's top-ranked markets span small commodities, textiles, hardware, leather, home goods, and other clusters, reinforcing Zhejiang's advantage in nationwide trading networks.

The momentum is reflected in the data. In the first three quarters of 2024, Zhejiang's commodity markets generated 1.28 trillion yuan ($180 billion) in transactions, up 2.58 percent year-on-year. Online retail sales reached 1.47 trillion yuan, rising 10.8 percent, while revenue from the platform economy grew 6.4 percent to 1.46 trillion yuan.

Livestreaming commerce continued to surge. Zhejiang's livestreaming transaction volume exceeded 80 billion yuan in 2024, up 89 percent year-on-year, underscoring the province's leadership in digital-driven market innovation.