The Latest Breaking News from Shenzhen

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.

The Chinese government says companies in Shenzhen, a major business center, will be allowed to reopen while efforts to contain outbreaks there progress

Shenzhen Component Index closed up 2.41%

Shenzhen city in China, a key technology and manufacturing hub that had halted operations of companies to tackle rising COVID-19 cases, will allow them to resume work and production in an orderly manner, a local government official said on Thursday.

The resurgence of Covid in Asia is again affecting companies, including a large supplier of Apple.

Apple Inc (NASDAQ:AAPL) supplier Hon Hai Precision Industry Co Ltd (OTC: HNHPF), also known as Foxconn, resumed partial operations and production at its two Shenzhen campuses, one of which makes iPhones, after assuming Covid measures, Bloomberg reports. Foxconn had suspended operations after Shenzhen imposed a city-wide lockdown, including its Guanlan factory. Foxconn has resumed some production at…

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

Hong Kong (AFP) - Equity markets fell Tuesday, with Hong Kong tech firms leading another collapse in the city's Hang Seng Index following the Covid-19 shutdown of tech hub Shenzhen and worries over Russia's military outreach to China.