Partial COVID Lockdowns in Shenzhen and Shanghai

China has imposed partial lockdowns in Shanghai and Shenzhen as it grapples with a surge in COVID-19 cases, raising concerns of new global supply chain disruptions and threatening the country’s economic growth target.

Economists warned of massive disruptions for manufacturers due to port, airport and factory closures as the country’s richest regions go into lockdowns.

Most big businesses and industrial parks in Shanzhen were locked down as the government launched a testing program across the city of 17.5 million residents.

Shanghai, China’s main financial hub and home to thousands of Australian expatriates, residents were advised on the weekend not to leave. The city, China’s largest with almost 25 million people, is virtually cut off from the rest of the country with long-distance buses suspended. Schools have been closed, with classes moving online, and many white-collar employees working from home on Monday.

Hong Kong has about 30,000 cases per day and China has about 3000 cases per day. China still has a zero tolerance COVID policy which triggers large lockdowns.

Many of China’s elderly are vaccinated with locally produced vaccines, but they do not have access to more effective mRNA vaccines. Experts have warned that this would result in high death rates if there was a major outbreak.

SOURCES: Australian financial Review
Written by Brian Wang, Nextbigfuture.com