There are in fact many wholesale markets in Yiwu city. Yiwu International Trade City is, however, the largest market – and often referred to when talking about the Yiwu Wholesale Market.
Unlike the Canton Fair in Guangzhou, the Yiwu International Trade City is permanent, and open the whole year, apart from national holidays.
The Yiwu Wholesale Market is gigantic, and mainly catering to buyers from India, Africa, and the Middle East.
Many e-commerce businesses also procure products from Yiwu wholesalers.
It’s famous for really low prices. Then again, you get what you pay for.