Yiwu has been named by the UN, the World Bank and J.P. Morgan, among others, as the "largest small commodity market" in the world, attracting a great number of international buyers.
"Most commodities sold along Sao Paulo's famous March 25 Street shopping district come from Yiwu," said Qiu Genjun, general manager of China Express Latin America Co Ltd.
In Brazil, EUBs are the result of close cooperation between China Post and Brazilian Post. Compared with around $76 per kg for UPS and around $110 for DHL to transport parcels from Beijing to Sao Paulo, it only costs about $22 per kg using China Post's airmail service, Qiu said, adding that other advantages of EUBs also include lower odds of package loss and faster customs clearance.
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