From obscurity to global prominence — Yiwu's emergence as an international trade hub

Li, Ran; Wang, Qianyi; Cheong, Kee Cheok

doi:10.1016/j.cities.2015.12.009

Cited by 27 publications

(13 citation statements)

References 11 publications

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“…One possible explanation is that Xinjiang is a stronghold in the Eurasian Continental Bridge for international trade and investment and enjoys advantages in undertaking many state‐designated national strategic tasks for a long period, including the recent Road and Belt initiative (Dunford & Liu, 2019). Possessing a dynamic pool of buyers and interactions between businessmen from both domestic and Central Asian economies, Xinjiang’s specialized markets are well positioned in a wider spatial division of labor and its industries and markets become well‐coordinated (Li et al, 2016). Specialized markets in Xinjiang thereby are able to achieve the economies of scale and scope in product sales, and thus, enhance the technical efficiencies of its specialized markets.…”

Section: Preliminary Measurement Resultsmentioning

confidence: 99%

“…For instance, by embracing E‐commerce platforms Yiwu Market has brought about thousands of online sellers physically gathered in Taobao villages surrounding the Market (Watanabe, 2014). These sellers purchase products from the Yiwu Market, and then auction them off on Taobao, which indeed have diversified retailing channels, making the Market more open and attractive for international trade (Li, Wang, & Cheong, 2016). Moreover, in a study by Li, Frederick, and Gereffi (2019) on the Chinese apparel industry, E‐commerce giant firms like Alibaba and JD.com are proved to be highly capable of helping China’s specialized markets and related cluster firms to integrate global production networks and new large‐scale markets, generating opportunities for value chain upgrading of local clusters (Zeng, Guo, Yao, & Huang, 2019).…”

Section: China’s Specialized Markets In Evolution: a Literature Reviewmentioning

confidence: 99%

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Spatio‐temporal dynamics of technical efficiency in China’s specialized markets: A stochastic frontier analysis approach

Zhang

2020

Growth and Change

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China’s specialized markets as a special form of bottom‐up capital agglomeration have played a key role in fostering regional development. It once exhibited positive externalities with high efficiencies. However, given the rapid proliferation of specialized markets and the penetration of E‐commerce, their advantages may have shifted and the understanding of this shift is limited. The paper explores the spatio‐temporal dynamics of China’s specialized markets in terms of technical efficiency. Based on turnover data from Statistical Yearbooks of China Commodity Exchange Market from 2000 to 2016, technical efficiencies in specialized markets are measured by a Stochastic Frontier Analysis (SFA) approach using panel data. The results show that (a) the technical efficiencies in China’s specialized markets are significantly divergent in space over time; (b) labor input has notable effect on efficiency increase, while capital input has no significant effect; (c) informatization level, cluster size, and degree of market openness are identified to have a positive effect on specialized market’s technical efficiency. This paper argues that specialized markets should be taken seriously in the cluster evolution research. The role of proximity and the bounded links between specialized markets and their local clusters is the key to understanding their changing forms, performances, and trajectories.

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Section: Preliminary Measurement Resultsmentioning

confidence: 99%

Section: China’s Specialized Markets In Evolution: a Literature Reviewmentioning

confidence: 99%

Spatio‐temporal dynamics of technical efficiency in China’s specialized markets: A stochastic frontier analysis approach

Zhang

2020

Growth and Change

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“…He often considered the development of the Chinese economy, observing that much of the economic success he saw derived from early investment in light industry, which requires less capital investment. Indeed, enterprise in Yiwu has been based on trade and then production of small commodities—jewelry to toys, artificial flowers to household utensils—and historically grew out of a model of petty itinerant trade known as jimao huantang (鸡毛换糖), referring to the exchange of candy for chicken feathers used for fertilizer (Li et al 2016:9; Wang & Gooderham 2014). Chinese economic reforms in the 1980s and 1990s allowed manufacturers to build direct relationships with wholesalers and decentralized power to organize and develop markets to local and regional levels (Belguidoum & Pliez 2015).…”

Section: Brokering the Futurementioning

confidence: 99%

Somali Ventures in China: Trade and Mobility in a Transnational Economy

Lochery¹

2020

Afr. stud. rev.

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Abstract:Research on Somali mobility and migration has predominantly focused on forced migration from Somalia and diaspora communities in Western Europe and North America, neglecting other experiences and destinations. This article traces the journeys of Somali traders from East Africa to China, mapping the growth of a transnational trading economy that has offered a stable career path to a few but a chance to scrape by for many others. Understandings of migration and mobility must encompass these precarious terrains, allowing for a richer examination of how individuals have navigated war, displacement, and political and economic change by investing in transnational livelihoods, not just via ties to the West, but through the myriad connections linking African economies to the Gulf and Asia.

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“…The importance of technology has been enhanced by efforts in many countries to transform their cities to "post-industrial cities", shifting from being natural-and physical-resource-based to being knowledge-and service-oriented [30]. This transformation is occurring in Chinese cities (for example, Li, Wang & Cheong, 2016) [31].…”

Section: Theories and Drivers Of City Growthmentioning

confidence: 99%

Shandong’s Yintan Town and China’s “Ghost City” Phenomenon

Wang

Cheong

2019

Sustainability

Self Cite

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Although much research has been devoted to urbanization and city growth, urban dynamics also include city decay and renewal. Extant theories and models have been developed to explain these dynamics. They do not, however, fit the experience of China’s “ghost cities”. These cities have been characterized as state-built but minimally inhabited, testimony to planning failure by the monolithic Chinese state. The goal of the article is to provide in-depth insights to China’s ghost city phenomenon and its effects to residents from local stakeholders’ perspectives. A review of Shandong’s new Yintan city reveals many ghost city attributes, but its development trajectory was at odds with this stereotype. Yintan’s lack of success was attributable to too little, not too much, state intervention, reflecting limited state capacity to develop and manage the new city by Rushan, the nearby small city seeking to capitalize on the central government’s development imperatives. These distinctive features notwithstanding, generic key drivers of city growth can help explain Yintan’s lack of development, in a sense, reconciling the city’s experience with extant research elsewhere.

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From obscurity to global prominence — Yiwu's emergence as an international trade hub

Cited by 27 publications

References 11 publications

Spatio‐temporal dynamics of technical efficiency in China’s specialized markets: A stochastic frontier analysis approach

Spatio‐temporal dynamics of technical efficiency in China’s specialized markets: A stochastic frontier analysis approach

Somali Ventures in China: Trade and Mobility in a Transnational Economy

Shandong’s Yintan Town and China’s “Ghost City” Phenomenon

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