Why is Yiwu known internationally as a trading centre?

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Zhejiang Dashan (“Great Mercy”) Pagoda, Shaoxing, Zhejiang province, China.

Yiwu is recognized internationally as a major trading centre primarily due to its role as a specialized market hub for light industrial products. Its global reputation has been significantly bolstered by its annual international commodity fairs, which attract participants from around the world and have facilitated the city's rapid growth as a commercial center within Zhejiang province.1