The Unsustainability of Street Vending Business——Taking Yiwu Santing Road Night Market as an example

Abstract

Starting in 2019, the epidemic swept across the globe and has not ceased. The Covid-19 virus can be spread easily through people by contacting each other. As a result, most factories and businesses are forced to be shut down, which negatively affects the economic and gross domestic product. To resolve this situation, the Chinese government declares a policy of promoting vending economy to bring up the unemployment rate and promote the economy. While looking at the long-run sustainability, this paper would use game theory to provide theoretical evidence. There would also be interviews and case studies to show the long-run unsustainability of the vending economy.