Video: Yiwu market works with E-commerce
By CCTV reporter Ying Yiyuan
Eastern Chinese city Yiwu is known for its small commodities market, which attractedsome 440,000 oversea buyers last year. It has contributed to a substantial part ofChina’s rising export over the past decade. However, the fast expanding internetbusiness trend, has raised questions on how this wholesale market will adapt.
Chen Shufang has been selling toys in Yiwu market for 20 years, 90% of her productsare sold abroad. Her shop is located in one of the prime locations, but she finds fewerclients are visiting the shop this year.
Chen said, “Maybe it’s because of the financial crisis, the number of foreigners herehas decreased, so has my orders. Usually, our business is thriving in autumn.”
Talking about the explosion of internet businesses, she says she prefers makingphysical sales.