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World News
The Christmas-industrial complex centres on Yiwu
Yiwu, China, known as the world’s Christmas capital, faces a decline in exports due to U.S. tariffs, with $5.1bn shipped in 2025, down from $5.8bn. Merchants pivot to markets like Germany and the Netherlands. Despite challenges from U.S. trade policies and geopolitical tensions, Yiwu traders remain optimistic, preparing for various upcoming festivals.
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