Latest news with #LinyiTradeCity
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.
The Sun
25-04-2025
- Business
- The Sun
Malaysia China Linyi Commodity Exhibition opens in Kuala Lumpur
KUALA LUMPUR, MALAYSIA - Media OutReach Newswire - 25 April 2025 - More than 5,000 international purchasers are gathering in Kuala Lumpur, capital city of Malaysia, to explore trade cooperation opportunities at the Malaysia China Linyi Commodity Exhibition from April 25 to 26. The exhibition, organized by Linyi Trade City, which is a prominent wholesale trading center in China, displays commodities including sports goods, daily necessities, kitchenware, automotive supplies, and small building materials and hardware. 'With a comprehensive upgrade, this year's exhibition is expected to increase trade volume by 10 percent, enhancing its market share in Malaysia,' said Song Liansheng, president of Linyi Small Commodities Chamber of Commerce. 'This exhibition is a significant event for Linyi city. It provides a platform for businesses from China and Malaysia to explore potential economic collaborations, strengthening trade and commerce ties,' said Y.B. Tuan Weng San, speaker of the Malaysian Selangor State Legislative Assembly. Malaysia, known as the crossroads of Southeast Asia, has become a central hub for commodity procurement. In recent years, the Belt and Road Initiative's joint construction between China and Malaysia has steadily progressed, fostering frequent cooperation and exchanges. In March 2022, the RCEP agreement officially took effect in Malaysia, further enhancing trade between the two nations. Economic and trade cooperation between Malaysia and Linyi has increased over the past few years. According to official data, in 2024, Linyi's import and export volume with Malaysia reached 8.91 billion yuan ($1.22 billion), a year-on-year increase of 67.9 percent. Companies from Linyi have also expanded their presence in Malaysia. For example, Lanhua Group launched the Lanhua (Malaysia) overseas mall in October last year, serving as the 35th overseas mall and commercial warehouse developed by Linyi. The project aims to serve as an overseas display window for Linyi Trade City, showing its high-quality products in Malaysia. 'The overseas mall has also provided e-commerce training for locals, helping them open online stores. This initiative is expected to support entrepreneurship and create employment opportunities in local communities,' said Oscar Li, general manager of the Southeast Asia Division of Shandong Lanhua Group. By 2026, the market transaction volume of Linyi Trade City is expected to surpass 800 billion yuan, while the total logistics amount is anticipated to exceed 1.2 trillion yuan.
