The Chinese city Zhengzhouthe production center of apple inc‘s AAPL iPhoneshas reportedly put one of its most populated districts under lockdown to control a virus flare-up.
What happened: About 1 million residents of Zhongyuan District have been asked to stay at home from Monday except if they have to undergo a COVID test, while non-essential shops have also been closed, reported Bloomberg, citing a government announcement.
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The city reported six new local cases Sunday, down from a recent peak of 40 on Oct. 9, the report said.
While China’s key cities have so far avoided large-scale lockdowns, officials have quietly halted a growing list of activities, the report said.
According to parents and social media posts, many schools in Shanghai have suspended in-person classes over fears of spreading the infection, the report said. Last week, Tianjin announced a district lockdown Canton Close schools in one area.
Scenes from a rare protest against the Chinese President Xi Jinpings communist government in Beijing were divided on social media on Thursday. “Say no to the Covid test, yes to food. No to lockdown, yes to freedom. No to lying, yes to dignity. No to the Cultural Revolution, yes to reform. No to the great leader, yes to the vote. Don’t be a slave, be a citizen,” read one banner.
Price promotion: That Global X MSCI China Financials ETF CHIX has lost over 22% since the beginning of the year while the SPDR S&P China ETF GXC has lost over 30% in the same period.
Continue reading: Alibaba, Tencent, Nio looking for respite? Xi Jinping is optimistic about technical progress in China
