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China’s economic trajectory: ‘Good enough’

Once upon a time all roads led to Rome. Now all roads lead to Yiwu, or at least all railroads. Yiwu is a small city (by Chinese standards) of 1.3 million located in the heart of eastern China’s Zhejiang province. Yiwu is the eastern terminus of freight rail lines that run as far west as Tehran and Madrid. It also exports to Germany and other European destinations via intermediate destinations like Chongqing and Wuhan. And it’s not just railroads that lead to Yiwu. Yiwu is a major focal point for the world’s consumer goods supply chains.

How did an obscure Chinese city come to be so central to the world’s economy?

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Sydney-based globalization expert Salvatore Babones is available to speak on the Chinese economy (demographics, growth, technology), the Belt & Road Initiative, global trade networks, and Australia-China relations. Contact: