There are many factors lead to the low price in Yiwu market.
After 20 years of running, a lot of family owned factories have much experience in controlling the cost, they don't even have to pay rental fee because they have their factory and warehouse in their own houses.
1.So many factories gathered together, the logistics cost, marketing cost and even production lines costs reduced a lot.
2.Suppliers from all over the country have fierce competition, which also result in low price.
3.Yiwu, as the most powerful county-level, has strong support from the government.
4.People in Yiwu always stress on one-cent-profit.
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