Yiwu, a renowned trading hub, saw a strong start to 2024, with its first-quarter gross domestic product surging 8 percent to 51.27 billion yuan ($7.07 billion).

The city's primary, secondary and tertiary industries totaled 390 million yuan, 14.71 billion yuan and 36.17 billion yuan, respectively, during this period, up 3.9 percent, 6.4 percent and 8.7 percent.

Agricultural output remained stable, with a notable 132-percent increase in egg production and a steady supply of vegetables and aquatic products.

The added value of the city's industrial enterprises above designated size reached 6.83 billion yuan, an uptick of 8 percent, while above-designated-size small and micro enterprises saw a significant 19.8-percent increase in added value. 

Above-designated-size service enterprises rebounded with a 22.3-percent increase in revenue, totaling 6.7 billion yuan, with education and IT services growing rapidly.

Retail sales of consumer goods climbed by 9.2 percent, with automobile sales spiking by 29.8 percent due to effective consumption promotion policies.

The commodity market also thrived, with a 1-percent increase in trade market transactions and a 25.5-percent boost in import and export volumes.

Residents' incomes grew steadily, experiencing an 8.5-percent increase in per capita disposable income. The per capita disposable income of urban residents was 33,741 yuan, up 8 percent, while that of rural residents was 16,845 yuan, up 10.5 percent.