Its being 300 kilometers south of consumer giant shanghai. Yiwu is the location of over 400,000 wholesale shops. They dont offer luxury goods. But they have everything necessary for the normal lives of ordinary citizens. The roughly 5,000 tons of goods that go through this city every day are distributed to the rest of china and the world. The Yiwu International trade market, located in central yiwu, is the citys biggest general wholesale market. The 150 square kilometer plot of land is divided into five sections by product. It houses 50,000 stores. More than 2 million items ranging from furniture and electronic gadgets to food are sold at affordable prices here. For buyers from around the world, the market is incredibly convenient. But yiwu is undergoing a significant change. Recently, buyers seeking chinese goods have been joined by foreign merchants hoping to sell products from their own countries. They come seeking the affluent chinese demographic. And buyers from around the world.
Both sides did hold phone talks adding recent contexts dont have the significance that the president suggested. President trump and treasury secretary mnuchin were asked about that report and here is how they responded. I dont know what you mean by that low level, the vice premier is low level, i dont think so. What is the position of the gentleman who was quoted in the newspaper today . Came out with a very significant and we communicated the vice premier of china thats not low level. I agree the statement that was spoken before me was are you ware of the calls happening . President trump and his french counterpart Emmanuel Macron will hold a joint News Conference, perhaps as soon as half hour from now well see. When it is held, of course, we will go live to it a lot to digest this morning i guess first thing i would share to you to bring it back to the markets, making my usual calls this morning of a number of asset managers, you get a resounding theme, which is this is an untradable