Over the weekend China partially locked down major industry hubs Shanghai and Shenzhen
Sections of the cities of these major electronics manufacturing centres locked down for a week
Shenzhen government on Sunday night
- public transportation in the city will be halted
- non-essential businesses ordered to suspend operations from Monday through March 20
- all industrial parks, local residential areas and communities in Shenzhen to adopt lockdown measures
- only businesses essential for daily life, such as markets, pharmacies and medical institutions, are allowed to keep operating as usual
- restaurants can only take orders for delivery
- people should not leave the city unless it is necessary
- logistics to and from Hong Kong will continue
Shanghai on Saturday
- urged residents not to leave unless absolutely necessary
- while anyone travelling in or out of the city must present PCR tests conducted within the last 48 hours
- Buses travelling between Shanghai and other provinces, such as Anhui, Shandong and Jiangxi, will halt operation from Monday
Info via Nikkei reporting
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This, of course, will weigh on economic growth in China. From a local perspective it'll cut demand for services in these cities. Given the global importance of manufacturing operations in these centres (and Shanghai is the country's financial hub also) disruption will add to supply chain woes.
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