PublicWire | Emerging Market Stock News
  •  Home
  • Technology
  • Medical
  • Energy
  • Cannabis
  • Finance
  • Retail
  • General
  • Podcast
  • Videos
  • Services
  •  Home
  • Technology
  • Medical
  • Energy
  • Cannabis
  • Finance
  • Retail
  • General
  • Podcast
  • Videos
  • Services
No Result
View All Result
PublicWire
No Result
View All Result

Home » Finance » Live news updates: China locks down major manufacturing hub as Covid-19 cases rise nationally

Live news updates: China locks down major manufacturing hub as Covid-19 cases rise nationally

by PublicWire
August 10, 2022
in Finance
Reading Time: 2 mins read
0
Yiwu, in China’s eastern Zhejiang province, is a major manufacturing hub for consumer goods © AFP/Getty Images

Chinese authorities locked down the eastern city of Yiwu, a major manufacturing and export hub, on Thursday, as several outbreaks of the coronavirus triggered tighter restrictions in locations across the country.

China is one of the last countries in the world pursuing a strict zero-Covid policy and has continued to impose sporadic curbs on cities and regions to eliminate flare-ups since a two-month shutdown of its most important commercial hub of Shanghai ended in June.

Regular testing and shifting localised restrictions are also increasingly becoming a regular part of everyday life in areas outside of lockdowns.

Yiwu authorities on Thursday morning divided most of the city into medium-risk and high-risk areas, with residents of the former confined to their residential complexes and those in the latter not allowed to leave their homes for three days.

They also prohibited travelling to and from Yiwu unless absolutely necessary, suspended non-essential businesses that cannot operate a “closed loop” work system and ordered schools to teach online classes only.

Yiwu, which has a population of about 1.9mn people, is an important hub for the manufacture of consumer goods that are exported globally.

China reported 1,993 new local cases of Covid-19 on Thursday, with 75 of them in Zhejiang province, where Yiwu is located. That compared to 1,030 new local cases on Wednesday.

The country is also battling outbreaks in Tibet, which discovered its first cases in more than 900 days last week, Hainan, where tens of thousands of holidaymakers were trapped by lockdowns, and in the western region of Xinjiang.

Additional reporting by Maiqi Ding in Beijing


This post was originally published on this site

Previous Post

Nikola And Tesla’s Electric Truck Rivalry Heats Up

Next Post

Disney adds streaming subscribers but cuts long-term target

PublicWire

At PublicWire, we know the vast majority of all investors conduct their due diligence and get their news online in a variety of ways including email, social media, financial websites, text messages, RSS feeds and audio/video podcasts. PublicWire’s financial communications program is uniquely positioned to reach these investors throughout the U.S. and Canada as well as on a global scale.

Related Posts

Finance

South Korea ‘reviewing various plans’ to stabilise the won

September 15, 2022
0
Finance

European shares edge higher as investors weigh up policy outlook

September 15, 2022
0
Finance

Ethereum ‘Merge’ concludes in key moment for crypto market

September 15, 2022
0
Finance

EU embargo to hit Russian oil output, IEA says

September 14, 2022
0
Finance

European stocks slide after sharp Wall Street sell-off overnight

September 14, 2022
0
Finance

Terry Smith to close emerging markets investment trust

September 14, 2022
0
Next Post

Disney adds streaming subscribers but cuts long-term target

Please login to join discussion

Subscribe To Our Newsletter

Loading
Ad
PublicWire | Emerging Market Stock News 24/7 | Investor Relations US Stock Market

© Copyright 2022 publicwire.com

Navigate Site

  • About
  • Contact Us
  • Disclaimer
  • Watch LIVE
  • Privacy Policy
  • Terms and Services
  • Contributors

Follow Us

No Result
View All Result
  • LIVE Investor News Channel
  • Cannabis
  • Energy
  • Finance
  • General
  • Medical
  • Podcasts
  • Retail
  • Technology
  • Videos

© Copyright 2022 publicwire.com

This website uses cookies. By continuing to use this website you are giving consent to cookies being used. Visit our Privacy and Cookie Policy.