From CNBC.

Whether U.S. and Iranian officials can negotiate the opening of the Strait of Hormuz this week is being closely watched not only by global investors but also by the Chinese town that brings you Christmas. Yiwu is known as China’s Christmas capital and is home to hundreds of factories producing artificial trees, tinsel, ornaments and other decorations for the world. CNBC’s Eunice Yoon reports.

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Strait Of Hormuz Crisis May Drive Up Christmas Shopping Costs