ICYMI: China’s Chengdu and its 21 million population enters lockdown

News

The move comes after the city reported 157 COVID-19 cases yesterday with mass testing to be conducted from Thursday to Sunday. All residents have been ordered to stay at home with households allowed to send a single person out, once per day, for groceries. But at least there is some leeway in the sense that people can leave the city but only after getting a negative test result within the past 24 hours.

For some context, Chengdu houses a population of roughly 21 million and accounts for about 1.7% of China’s GDP. There are quite a number of key manufacturing sites in the city such as Foxconn and Toyota. So, this just adds to more worries about supply disruptions and this comes after the news that Guangzhou and Shenzhen also tightened restrictions in the past week.

Articles You May Like

Kickstart the FX trading day for Jan 22, w/ a technical look at the 3 major currency pairs
Australian Dollar receives downward pressure from Trump’s 10% tariff proposal on China
Gold Rate Today: Yellow metal falls below Rs 78,900/10 grams ahead of Trump’s inauguration speech
BlackRock delivers earnings beat that proves recent sellers of the stock wrong
Key earnings this week in the US

Leave a Reply

Your email address will not be published. Required fields are marked *