China COVID

Chinese authorities on Tuesday tightened anti-virus controls at ports, raising the risk of trade disruptions after some auto and electronics factories shut ...

The risk of global disruption “would escalate if authorities in Shanghai also decide to implement a lockdown.” They keep research and development, finance and marketing in Shenzhen - functions that can be done by employees working from home. The Yantian Port tried to reassure customers operations were normal. A one-month slowdown at Shenzhen's Yantian Port last year caused a backlog of thousands of shipping containers and sent shockwaves through global supply chains. This year, the ruling Communist Party's growth target is 5.5%. If achieved, that would be well below last year's 8.1% expansion. Shanghai had nine and Beijing, six. Bus and subway services were suspended. Residents line up in the snow outside a tent set up to collect swab samples for COVID-19 tests in Changchun city in northeastern China's Jilin province Tuesday, March 15, 2022. China's new COVID-19 cases Tuesday more than doubled from the previous day as the country faces by far its biggest outbreak since the early days of the pandemic. Bus service to Shanghai, China's business capital and biggest city, was suspended. “Uncountable manufacturing supply chains pass through China.” It has temporarily shut down major cities to find every infected person.