With the recent Coronavirus, 2019-nCoV
outbreak thrusting China into the limelight, the world is gripped by health
concerns. However, the impact of the virus on trade, including with African
countries, could also have long-term implications, for better or worse.
Yiwu, a little-known city in Zhejiang Province, Eastern China is home to the world’s biggest market for “small commodities”, or rather, wholesale manufactured items. At over 7 kilometers large and with 70,000 businesses inside, you can find literally everything from kitchen appliances, to hair accessories and Christmas decorations. Around 300,000 foreigners visit Yiwu each year to purchase cheap but highly desirable goods and send them back to their home countries, the vast majority of these from developing nations, including African countries.
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