Yiwu's night market economy undergoes quality upgrades
Residents visit a night market in Futian subdistrict, Yiwu. [Photo/Zhejiang Daily]
Located less than 4 kilometers from the Yiwu International Trade Market, the Xiaoluozhai Night Market is very orderly and has festive lights.
"This night market opened just this year," explained a Futian subdistrict authority. Many people are eager for a safe, secure, and comfortable nighttime environment.
This year, the Futian subdistrict has provided a variety of services and assurances for the night market and reinforced regulations and management to stimulate consumption and spur the economy.
Its revitalization efforts have allowed the Xiaoluozhai Night Market to expand to 57 stalls.
Furthermore, Futian subdistrict has adorned the area with numerous landscape lights and lighting scenes, working to craft a captivating nighttime landscape and enhance the nighttime atmosphere.
Futian subdistrict currently administers seven night markets that have received administrative law enforcement approvals, housing a total of 892 stalls.
These stalls encompass a variety of offerings, including fixed snacks, fruits, groceries, daily essentials, and more. Around 12,000 people visit daily, generating a daily turnover of approximately 800,000 yuan ($110,188) and providing jobs for roughly 2,000 individuals.
The influence of these night markets has spread to nearby residents and storefronts. Rent prices for housing have noticeably risen, leading to substantial increases in household income and living standards for local residents.