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One word: midterms.
Shenzhen is a vital manufacturing city for most global electronics, with a population of about 51 million and the CCP just shut down the whole place over an alleged 'major' covid outbreak.
This will drastically impact our already weakened supply lines. Some think this was a move to smash whatever remaining dissent might've been in the Chinese people, especially as potential action against Taiwan looms large.
China orders 51 million into lockdown as COVID surges
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Breitbart Business Digest: China’s Latest COVID Lockdown Could Determine the Fed's Interest Rate Target
Shenzhen is a vital manufacturing city for most global electronics, with a population of about 51 million and the CCP just shut down the whole place over an alleged 'major' covid outbreak.
This will drastically impact our already weakened supply lines. Some think this was a move to smash whatever remaining dissent might've been in the Chinese people, especially as potential action against Taiwan looms large.
(HONG KONG) — China is facing its worst COVID crisis since early 2020, when the world first witnessed an entire population locked down to contain the coronavirus in Wuhan and its surrounding province.
Two years on, it’s now sending tens of millions of people into lockdown in the entire northeastern province of Jilin, where 24 million people live, and the southern cities of Shenzhen and Dongguan, with 17.5 million and 10 million, respectively.
Two years on, it’s now sending tens of millions of people into lockdown in the entire northeastern province of Jilin, where 24 million people live, and the southern cities of Shenzhen and Dongguan, with 17.5 million and 10 million, respectively.
China orders 51 million into lockdown as COVID surges
ALSO:
China’s COVID lockdown of Shenzhen, the southern financial and manufacturing hub that neighbors Hong Kong, came as a shock.
Hong Kong’s Hang Seng index plunged five percent to its lowest level since 2016. The Hang Seng tech index crashed 11 percent. Chinese stocks that trade in New York fell sharply, with videogame maker NetEase, e-commerce giant JD.com, search and AI giant Baidu.com, farm-tech firm Pinduoduo among the worst performing stocks in the Nasdaq composite.
Hong Kong’s Hang Seng index plunged five percent to its lowest level since 2016. The Hang Seng tech index crashed 11 percent. Chinese stocks that trade in New York fell sharply, with videogame maker NetEase, e-commerce giant JD.com, search and AI giant Baidu.com, farm-tech firm Pinduoduo among the worst performing stocks in the Nasdaq composite.
Breitbart Business Digest: China’s Latest COVID Lockdown Could Determine the Fed's Interest Rate Target
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