The Latest Breaking News from Shenzhen

Shenzhen Component Index closed up 0.31%

To keep factory lines open in the face of COVID curbs Chinese firms are asking workers to eat, sleep and work in bubbles isolated from the wider world, sterilising premises as often as three times a day and testing for COVID daily.

Shenzhen Component Index closed up 4.02%

The global economy — already struggling with war in Ukraine and the stagflation risks it’s fanning — is bracing for greater disruption as China scrambles to contain its worst outbreak of COVID-19 since the pandemic began.

China's recent lockdown looks to hamper the online order delivery of global e-commerce firms like Amazon.com Inc (NASDAQ:AMZN) and Walmart Inc (NYSE:WMT), Bloomberg reports. China had to initiate lockdowns and restrictions in its crucial manufacturing hubs like Shenzhen and Dongguan following a Covid-19 resurgence. Related Content: China Restricts Activities In Shenzhen, Shanghai Following Covid-19 Resurgence The…

Anti-virus controls have forced auto and electronics makers to shut factories in China and are raising risks of wider disruptions if the curbs spread to Chinese ports that are among the world’s busiest

Rolling coverage of the latest economic and financial news

Shenzhen Component Index closed down 4.36%

Seventeen million people in the Chinese technology industry hub of Shenzhen began their first full day under lockdown on Monday, with restrictions also imposed in Shanghai and other major cities in an effort to halt a major threat to the nation's zero-tolerance Covid strategy.