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Their market shut, traders in China’s Silicon Valley do business from bags

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While coronavirus fears curtail much of China's bustle, traders are getting back to business at the world's largest electronics market, buying and selling from bags and suitcases on the streets outside their shut premises.

The Huaqiangbei area in the southern city of Shenzhen is home to dozens of multi-storey malls housing around 38,000 trading desks packed with reels of microchips, phone parts, and other components. The markets remain closed this week, with vendors uncertain of when formal business will resume.

"I think it's pretty funny, and the atmosphere here is great," said Xu Peng, a microchip trader in a crowd of about 30 traders outside one of the market buildings. Yet so far, police have left the traders at Huaqiangbei alone. An employee at the local government department responsible for virus safety inspections said the traders were not breaking any rules.

The virus outbreak is having a big impact, Cheng Weiling said through her facemask while checking her phone.Microchip and board trader Yi Liang agreed.Traders lose significant income while the shutdown continues, said Donny Zhang, CEO of Sand and Wave, a hardware consulting and sourcing company based in the Huaqiangbei area.

 

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