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Joined: 2018-03-06

This phenomenon isn't confined to Yiwu alone. It is just that little and medium-sized enterprises like Yiwu, that is a former shop and mill, need to concentrate on other areas, so people feel that Yiwu's market has collapsed. This notion is inaccurate. This is closely associated with the domestic environment, inflation, appreciation of the renminbi, increasing prices, rising wages of workers, which directly or indirectly impact the survival of a factory. The second is that the industrial transformation. Since 2014, Zhejiang Province has emphasized the main lines of transformation and updating, and issued significant measures for example "five-water joint therapy", "three reforms and one demolition" and "four-for-three", which have driven the transformation and upgrading of both medium and small-sized ventures. . Some time ago, environmental oversight was a normal example, and numerous SMEs were forced to cease work to prevent supervision. Yiwu is also in urgent need of industrial transformation and upgrading, therefore the municipal government is also encouraging investment, allowing more high-tech businesses to land, Geely is a typical, while shutting down a range of small and medium-sized family workshops. It has also directly resulted in a decline in the number of researchers. If Yiwu would like to attain sustainable development, it has to update its industries. Only in this way is it competitive. The age of winning amount has passed.

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