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Chinese Exports Plummet During CCP Virus Pandemic

2020-04-24 18:59
China’s export c as the United States and European countries withdrew their orders from mainland China. A few days ago, a video circulating online shows that Yiwu Port in Zhejiang Province was almost empty. Local residents called it “the end of the world” for foreign trade. - Man in the background: This is the largest logistics warehouse in Yiwu, at the Yiwu Port. Look, it’s the doomsday of foreign trade. Look, it’s empty. How quiet it is. It used to be so crowded that even cars couldn’t get in. - Another video showed Xingzhong Shopping District, a popular area normally full of people, but now has only a few visitors. Man in the background: This is the situation at Xingzhong Shopping District now. It used to be jam-packed with people. Now it looks like this, very few people are around. Yiwu Small Commodities Market ranks first in the country for 14 consecutive years. It has an average of over 200,000 daily visitors, attracting more than 8,000 stationed foreign traders, and its products exported to more than 180 countries and regions. It is one of China’s largest trading centers for foreign exports. According to statistics from customs in mainland China, the total value of China’s external trade in the first two months of 2020 was 4.12 trillion yuan and decreased by 9.6% compared to last year. Exports were the most affected with an annual decline of more than 17.2%. The total import and export value of Zhejiang Province, China’s major foreign trade province, also fell by more than 10% in these two months. coronavirus,china,coronavirus outbreak,coronavirus video,CCP virus