With the outbreak of COVID-19, China’s communist government has blocked Yiwu City, Zhejiang Province, China, the world’s largest wholesale market, since April 27. Experts believe that the implementation of an extreme “zero corona” policy regime in “the world’s small commodity capital” will have a new impact on the world’s supply chain.
After three local COVID-19 cases were found, authorities ordered all residents not to leave the housing estates and villages, according to a statement posted on the Yiwu City Government’s official social media WeChat account. They closed schools and prevented people from entering public places, government agencies, businesses, and institutions in the city within the last 24 hours without a negative nucleic acid certificate.
With a population of 1.5 million, Yiwu has collected more than 2.1 million products and exported them to more than 210 countries and regions around the world, from Christmas ornaments to US presidential election supplies. In 2021, express delivery reached 9.29 billion pieces.
The city is the leading wholesale hub and export center for consumer accessories. Eighty percent of all Chinese Christmas goods exports are from Yiwu. Almost half of all goods exported from the city are destined for the United States.
The closure of all communities has already affected the express delivery of goods.
The Yiwu Post Office stated that all courier companies must undergo a COVID-19 nucleic acid test. Some courier companies have been suspended because they went to an area with positive cases, so there is a “yellow code” as a mandatory health app. It creates a labor shortage, which affects the speed of express delivery and transportation.
Local governments are conducting extensive tests in the city to implement the “Zero Corona” policy.
Ding Xian, a former director of the Jing’An branch of Shanghai Huashan Hospital, posted on April 24, “Zero Corona” is “repeated nucleic acid testing, overwhelming staff, large numbers of people, and serious cross-infection.”
China accounts for about 12 percent of world trade. The regime’s “Zero Corona” measures have left factories and warehouses idle, disrupted truck deliveries, increased container congestion, and further exacerbated the global supply chain. With the advent of COVID-19, after major ports in eastern China such as Shanghai and Ningbo were closed, many companies went to Yiwu to load containers, and Yiwu was also closed.
Professor Shen Rongqin of the University of York in Canada told The Epoch Times earlier this month that many prosperous cities in China, such as Shanghai, Jiangsu and Zhejiang, were closed, which has had a major impact on the Chinese economy. rice field. The first impact is the supply chain disruption that has affected the export industry. Second, China’s domestic demand has also been hit, with the service industry shrinking most rapidly. It will lead many people to lose their jobs.