The "world's supermarket" in east China, referring to Yiwu in Zhejiang province, typically reopens after the Spring Festival holiday.
Significance of reopening
Economic resumption:
Yiwu is a major global hub for small commodity trade. After the Spring Festival holiday, the reopening means the resumption of a large scale economic operation. Thousands of merchants start their business operations again, receiving orders from both domestic and international markets. For example, many foreign buyers rely on Yiwu to source a wide range of products, from daily necessities to small handicrafts.
Supply chain activation:
It plays a crucial role in activating the global supply chain. A large number of factories in and around Yiwu are connected to the market here. When the market reopens, the production distribution sales chain starts to function smoothly again. Factories receive new orders, raw material suppliers start to supply, and logistics companies resume full scale transportation operations to send products to all parts of the world.
Employment and business opportunities:
It provides employment opportunities for a large number of people. Many migrant workers return to Yiwu after the holiday to work in factories, warehouses, and trading companies. At the same time, it also creates business opportunities for entrepreneurs. Newcomers can find potential business niches in this bustling market environment.
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