Well-known Chinese news site Sina (NASDAQ: SINA) recently reported that The Covid Prevention and Control Administration of Yiwu City, Zhejiang Province issued a notice declaring a Level II Emergency Response to the pandemic. Level II requires the close-down of all indoor businesses, such as movie theaters and bars. The city applied strict control at key highway entrances and exits. All residential communities in the city will be under close-down management, and 24-hour Covid test certificates are required for entry and exit. All of the city’s middle schools, primary schools and kindergartens are temporarily closed. Public areas, government buildings and company buildings also require 24-hour Covid test certificates. Known as the World’s Supermarket, Yiwu is the world’s largest wholesale market for small commodities. At present, the market has an operating area of more than 6.4 million square meters, with 75,000 booths, offering over 2.1 million kinds of small commodities. Products are sold to more than 210 countries and regions around the globe. In 2021, the volume of express delivery services in the City of Yiwu reached a total of 9.29 billion pieces. The government expected a certain level of impact on the performance of transportation and logistics.
Source: Sina, April 27, 2022
https://finance.sina.com.cn/china/gncj/2022-04-27/doc-imcwiwst4298656.shtml