No, as of June, 2023, Wendeng Municipal Government has not issued an announcement on the demolition of Yiwu Small Commodity Wholesale Market, so Wendeng Yiwu Small Commodity Wholesale Market will not be demolished. Wendeng District, which belongs to Weihai City, Shandong Province, China, is located in the east of Shandong Peninsula. Wendeng faces South Korea across the sea and is in the central area of Yantai, Weihai and Qingdao.