Breaking News

China shuts down world’s largest electronic market after Covid-19 spike

Photo: Bloomberg

In response to a recent rise in coronavirus cases in the southern city, Shenzhen, China, ordered the closure of the largest electronics wholesale market in the world on Monday. This came as a leading Chinese think tank called for a change in the nation’s “zero-COVID” policy, which it claimed was causing widespread business disruption.

The largest electronics market in the world, located in the Huaqiangbei neighbourhood, was officially announced to be closed until Thursday in order to contain the COVID outbreak.

All tenants must conduct their daily nucleic acid tests in Hong Kong during this time and must work from home. Huaqiang Electronics World, one of the largest businesses in the area, was cited by South China Morning Post.

Important manufacturing companies were required to adhere to a closed-loop system for a week in order to maintain their production schedules, including Apple supplier Foxconn Technology Group, telecommunications equipment giant Huawei Technologies Co, and China’s top chip maker Semiconductor Manufacturing International Corp.

Leave a Reply

Your email address will not be published.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