Latest news with #Linyi
Associated Press
19-07-2025
- Business
- Associated Press
Linyi Goods at Vietnam Expo Boost Sino-Viet Trade Ties
HO CHI MINH, VIETNAM - Media OutReach Newswire - 19 July 2025 - The China Factory Products Export Fair 2025 was held in Ho Chi Minh City, Vietnam from July 12 to 14. Hundreds of original manufacturers from places like Shandong province's Linyi city displayed thousands of products ranging from daily necessities, office supplies, chemical products, and outdoor equipment to hardware tools. This fair adopted a collaborative format, featuring segmented exhibition zones. With over 70 booths designated for the Chinese factory exhibition area, the event also hosted various online and offline activities. Additionally, 200 renowned Vietnamese and neighboring region brands and enterprises were invited to exhibit and participate, all aimed at facilitating market expansion for Vietnamese local and international exhibitors. The exhibition drew large crowds, with numerous Vietnamese buyers and citizens praising the high-quality products and affordable prices of 'Made in Linyi'. As a significant exhibitor at this expo, Linyi companies took advantage of direct supply from source factories to offer a wide range of high-quality product selections to the Vietnamese market. This not only met the diverse demands of the Vietnamese market but also established a direct bridge for Chinese and Vietnamese enterprises, promoting deep cooperation and exchange in trade between the two sides. Looking back at 2024, Linyi achieved remarkable results in foreign trade, demonstrating distinctive development trends in trade relations with Vietnam and other Association of Southeast Asian Nations (ASEAN) countries. Regarding trade with Vietnam, bilateral trade continued to steadily expand, with the total import and export volume reaching 4.77 billion yuan ($664.97 million). The trade structure between the two sides showed significant complementary features, with Linyi mainly exporting products such as wood veneer, plywood, and hand tools to Vietnam, while importing aluminum alloys, chemical raw materials, and natural rubber latex. Expanding the perspective to the entire ASEAN region, Linyi saw robust growth in imports and exports with ASEAN in 2024, with a total trade volume reaching 40.15 billion yuan, representing a 16.2 percent year-on-year increase. Looking ahead, Linyi will further deepen economic and trade exchanges with Vietnam and ASEAN countries, expand cooperation fields, elevate the level of cooperation, and achieve mutual benefit, win-win cooperation, and common development. Hashtag: #Linyi The issuer is solely responsible for the content of this announcement.
Zawya
02-07-2025
- Business
- Zawya
Linyi Trade City ready to expand reach across world
LINYI, CHINA - Media OutReach Newswire - 2 July 2025 - From small roadside stalls to China's largest professional market cluster, Linyi Trade City in Shandong province, has achieved leapfrog growth during the past four decades and is poised to extend its reach across the globe. Currently, there are 136 professional wholesale markets and 63,700 shops in the trade center, as well as more than 6 million kinds of products from 27 categories. Its trading value reached 660.48 billion yuan ($91.94 billion) in 2024 and the logistics volume amounted to nearly 1.01 trillion yuan. To accelerate the trade center's transformation and upgrading, Linyi city authorities have introduced a package of policies and incentives, encouraging local enterprises to grow their foreign trade business and establish a presence in international markets. The trade city has also built 59 overseas malls and warehouses so far, as well as 45 international procurement service centers and offices, as part of its efforts to raise visibility globally and develop its international trade network. Launched in 2023 in Yongin, the Lanhua (South Korea) Overseas Mall displays a wide range of domestic products such as household goods, pet supplies, outdoor and camping equipment, and hardware tools. While expanding abroad, the trade city has been committed to attracting global buyers and investors. During the first four months of 2025, it received 13,233 overseas business visitors, generating intent transactions of 906 million yuan. Strong logistics infrastructure is essential to foreign trade and urban growth. Linyi has built a multidimensional international logistics system integrating road, rail, air, and sea freight, linking itself with nine regions such as Europe, the Middle East, Africa and Southeast Asia. Currently, the city is home to 51 international road freight companies and operates nine direct international routes to 10 countries. "Although Linyi is an inland city, we have established a maritime container depot in collaboration with Qingdao Port and Rizhao Port. Through resource integration and procedure optimization, we have helped enterprises cut logistics costs by 30 percent," said Hua Qianli, manager of Linyi Port. Last year, the port handled 198,000 twenty-foot equivalent units of cargo, valued at 19.2 billion yuan. Meanwhile, the city recorded 452 China-Europe Railway freight train trips to 40 cities in 12 countries, along with 480 direct flights to Seoul, transporting 2,067 metric tons of air cargo. Hashtag: #Linyi The issuer is solely responsible for the content of this announcement. Linyi Small Commodities Chamber of Commerce
Malay Mail
02-07-2025
- Business
- Malay Mail
Linyi Trade City ready to expand reach across world
LINYI, CHINA - Media OutReach Newswire - 2 July 2025 - From small roadside stalls to China's largest professional market cluster, Linyi Trade City in Shandong province, has achieved leapfrog growth during the past four decades and is poised to extend its reach across the there are 136 professional wholesale markets and 63,700 shops in the trade center, as well as more than 6 million kinds of products from 27 categories. Its trading value reached 660.48 billion yuan ($91.94 billion) in 2024 and the logistics volume amounted to nearly 1.01 trillion accelerate the trade center's transformation and upgrading, Linyi city authorities have introduced a package of policies and incentives, encouraging local enterprises to grow their foreign trade business and establish a presence in international trade city has also built 59 overseas malls and warehouses so far, as well as 45 international procurement service centers and offices, as part of its efforts to raise visibility globally and develop its international trade in 2023 in Yongin, the Lanhua (South Korea) Overseas Mall displays a wide range of domestic products such as household goods, pet supplies, outdoor and camping equipment, and hardware expanding abroad, the trade city has been committed to attracting global buyers and investors. During the first four months of 2025, it received 13,233 overseas business visitors, generating intent transactions of 906 million logistics infrastructure is essential to foreign trade and urban has built a multidimensional international logistics system integrating road, rail, air, and sea freight, linking itself with nine regions such as Europe, the Middle East, Africa and Southeast the city is home to 51 international road freight companies and operates nine direct international routes to 10 countries."Although Linyi is an inland city, we have established a maritime container depot in collaboration with Qingdao Port and Rizhao Port. Through resource integration and procedure optimization, we have helped enterprises cut logistics costs by 30 percent," said Hua Qianli, manager of Linyi year, the port handled 198,000 twenty-foot equivalent units of cargo, valued at 19.2 billion the city recorded 452 China-Europe Railway freight train trips to 40 cities in 12 countries, along with 480 direct flights to Seoul, transporting 2,067 metric tons of air #Linyi The issuer is solely responsible for the content of this announcement.
Malay Mail
27-06-2025
- Business
- Malay Mail
RCEP expo in Linyi boosts trade, cooperation and development
LINYI, CHINA - Media OutReach Newswire - 27 June 2025 - The 4th RCEP (Shandong) Import Expo, which kicked off on June 27 in Linyi, Shandong province. The ongoing expo features 348 participating enterprises from 66 countries and regions such as Cambodia, Malaysia, South Korea, and Japan, showcasing cutting-edge technologies and innovative a total exhibition area of 35,000 square meters and 1,200 international standard booths, the event attracted 15,000 visitors on its opening day. Notable participants include 179 companies from the RCEP region, 51 countries involved in the Belt and Road Initiative, and various international associations, fostering efficient business connections on a global expo also introduces new segments like the smart technology zone and multinational corporations area, highlighting leading tech firms such as Tesla and Unitree Robotics, which produces humanoid robots, alongside Global Fortune 500 companies like CP Group and Amazon. This platform serves as a nexus for unveiling the latest industry trends and showcasing advanced manufacturing capabilities worldwide."I've been really impressed by Linyi's business environment and especially its logistics system — it's very advanced. Under the RCEP framework, I think Linyi has a lot of potential to serve as a key link between China and Southeast Asia," said Princess Norodom Jenna, member of the Cambodian Royal Family, during the ongoing expo."I hope to see more collaboration between Linyi and Cambodia, especially in areas like specialty trade and e-commerce. It would be great to bring more Cambodian products here to Linyi, and at the same time, help Linyi's goods reach Cambodia through the BRI," added Princess Jenna."Linyi boasts well-developed infrastructure, leaving a lasting impression with its high-quality roads and buildings. Known for its excellent logistics system, Linyi offers picturesque scenery and warm hospitality. Attending the exhibition today, I've brought our East Malaysian products including bird's nest, pepper, and palm sugar," said Tan Kai, chairman of the Padawan Municipal Council and mayor of Padawan in added that this expo showcases an incredible population diversity, with a vast number of booths creating a bustling recent years, Linyi has enjoyed strong economic growth alongside RCEP member states. According to official statistics, in 2024, the city's trade with RCEP member countries amounted to 78.65 billion yuan ($10.95 billion), an increase of 9.7 percent year-on-year, accounting for 46.5 percent of the city's total imports and #Linyi #RCEP The issuer is solely responsible for the content of this announcement.
Malay Mail
24-06-2025
- Business
- Malay Mail
Linyi to explore business opportunities at RCEP expo
LINYI, CHINA - Media OutReach Newswire - 24 June 2025 - The 4th RCEP (Shandong) Import Expo will be held in Linyi, Shandong, from June 27 to 29. This year's event focuses on high-quality imported goods and trade connections, with over 300 enterprises participating, emphasizing elements unique to one of the important platforms themed on the achievements of Linyi's opening-up to the outside world, the expo features 11 indoor exhibition areas and one multifunctional area, covering an exhibition area of 35,000 square meters with 1,200 international standard multiple professional market exhibition areas will be set up at the Linyi International Market Center and Lanhua Imported Commodity City. During the expo, a series of activities will take place, including an opening ceremony, a roadshow for the 8th CIIE, guest country promotion events, the International Friendship Cities gathering, and "Invest in Linyi" industry matchmaking session – all aimed at enhancing the expo's international presence and professional date, seven sister cities from abroad have confirmed their participation in the expo, along with 20 foreign trade associations and 333 exhibiting enterprises. Among them are 183 enterprises from RCEP countries, 55 from countries involved in the Belt and Road Initiative, and 11 Fortune Global 500 21 exhibiting enterprises from the 8th CIIE are forming groups for the event. During the exhibition, a RCEP economic and trade cooperation negotiation zone will be established to facilitate the establishment of regional procurement centers in Linyi for participating companies like Metro and event will also host an international investment cooperation exchange to attract foreign investment projects, promoting the transformation of exhibitors into investors. Simultaneously, local enterprises will connect international buyers to showcase their advantageous products such as hardware tools and textiles, promoting the internationalization of "Made in Linyi" 2021, the RCEP expo has been held three times, with a total exhibition area of 95,600 sq m. It has attracted over 700 companies from more than 60 countries and regions, with a cumulative attendance of 130,000 people, generating significant economic and social recent years, Linyi has enjoyed mutually beneficial economic growth with RCEP member states. According to statistics from Linyi Customs, in 2024, the city's trade with RCEP member countries amounted to 78.65 billion yuan ($10.95 billion), an increase of 9.7 percent year-on-year, accounting for 46.5 percent of the city's total imports and #Linyi #RCEP The issuer is solely responsible for the content of this announcement.
