Last year, Yiwu’s total trade value of 296.7 billion yuan (US$42 billion) was around double its gross domestic product, implying a high dependence on trade to drive growth. Photo: Thomas Yau Last year, Yiwu’s total trade value of 296.7 billion yuan (US$42 billion) was around double its gross domestic product, implying a high dependence on trade to drive growth. Photo: Thomas Yau
Last year, Yiwu’s total trade value of 296.7 billion yuan (US$42 billion) was around double its gross domestic product, implying a high dependence on trade to drive growth. Photo: Thomas Yau

Coronavirus: China’s traders at famed Yiwu market turn to e-commerce, WeChat, TikTok in bid to survive

  • Long-time customers are negotiating deals with traders at Yiwu International Trade Market via WeChat, but new customers are hard to find online
  • Traders have turned to live streaming via TikTok with the help of social media influencers as foreign buyers are absent from the world’s largest small commodities market

Topic |   Coronavirus pandemic
Last year, Yiwu’s total trade value of 296.7 billion yuan (US$42 billion) was around double its gross domestic product, implying a high dependence on trade to drive growth. Photo: Thomas Yau Last year, Yiwu’s total trade value of 296.7 billion yuan (US$42 billion) was around double its gross domestic product, implying a high dependence on trade to drive growth. Photo: Thomas Yau
Last year, Yiwu’s total trade value of 296.7 billion yuan (US$42 billion) was around double its gross domestic product, implying a high dependence on trade to drive growth. Photo: Thomas Yau
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