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

Traders buy and sell chips and components on the streets of Huaqiangbei, the world's largest electronics market, following an outbreak of the novel coronavirus in the country, in Shenzhen, Guangdong province, China. — Reuters

SHENZHEN, China: 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.