Shenzhen Lockdown Due to Covid-19 Cases – Supply Chain Delays

Shenzhen’s government ordered the citywide lockdown on Sunday after reporting 66 new COVID cases that day, bringing the southern Chinese city’s total to over 400 since late February. The lockdown is scheduled to last a week, during which time health authorities say they will test every resident three times

“More cities may follow the practice of Shenzhen,” said Raymond Yeung, chief economist for Greater at ANZ, in a note Monday, noting the city’s decision to shut down public transportation and prevent people from leaving or entering. “If the lockdown is extended, China’s economic growth will be significantly affected.”

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