Trade tensions between China and the United States are intensifying, with the U.S. government considering new tariffs on Chinese goods. In response, China’s manufacturing sector is showing signs of resilience, particularly in Yiwu, a major industrial city. The city’s vast factory complexes and wholesale markets highlight the country’s ability to withstand economic pressures from trade disputes.
China hawks in Washington argue that the U.S. economy is too weak to endure a significant tariff shock. However, in Yiwu, the economic resilience of the Chinese manufacturing sector is on full display. The city’s market, which is often referred to as the “world’s biggest wholesale market,” is home to thousands of small and medium-sized enterprises that supply goods to global markets.