Yiwu's Secret Weapon: Labour Costs 3x More Than Vietnam — So Why Does It Still Win?

Yiwu factory workers earn three times more than their Vietnamese counterparts, and nearly ten times more than workers in Bangladesh. By every conventional logic of low-cost manufacturing, Yiwu should have lost this race a long time ago.
Yet in Q1 2026, Yiwu's total trade value broke 200 billion yuan for the first time. Behind almost every TikTok viral product, every Temu bargain, every Shein accessory — there's a very good chance it came from Yiwu.
In this video, we break down the real source of Yiwu's competitive edge: not cheap labour, but a supply chain system that is almost impossible to replicate anywhere else on earth.
⬇️ Do you think any other city could ever build what Yiwu has? Let me know in the comments.
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Видео Yiwu's Secret Weapon: Labour Costs 3x More Than Vietnam — So Why Does It Still Win? канала Panda Economic Insight