Merchants prepare traditional Spanish ice cream at the 2023 China Yiwu Imported Commodities Fair in Yiwu, Zhejiang province on Nov 13, 2023. [Photo/VCG]

The 7th China International Business Exchange took place in Yiwu on Nov 22, bringing together nearly 300 foreign delegates from over 40 countries and regions.

The event provided a platform for these representatives to engage in discussions on the development of commercial hubs.

In Yiwu, foreign participants have played a pivotal role in gathering entrepreneurial talent, facilitating open channels for communication and collaboration, and promoting the city on various fronts. Their active involvement has earned widespread praise from the government and various sectors of society.

Moreover, these individuals have demonstrated a strong sense of dedication by actively contributing to charitable endeavors. Their participation in volunteer activities, including blood donation and community service, reflects their commitment to making a positive impact on the local community.

The city's market development has attracted a significant number of foreign businesses, with over 560,000 overseas buyers visiting Yiwu annually and approximately 15,000 foreign residents establishing a presence in the city.

Yiwu has also established overseas service stations in eight international locations, including Dubai, Prague, and Madrid. The creation of an online immigration service center further streamlines processes such as foreign business registration, work permits, and residence permits, ensuring a unified and efficient approach to these matters.