Manufacturing shut downs spread to more firms in COVID-19-hit China province

  • At least 20 listed companies have shut down operations in Zhejiang, tens of thousands of citizens are in quarantine, some domestic flights were suspended, and several sporting events have been cancelled.

I posted yesterday on the disruption in the southeastern province here:

Zhejiang is one of China's biggest manufacturing hubs.

An update now via newswire reports:

  • outbreak in three Zhejiang cities - Ningbo, Shaoxing and Hangzhou
  • developing at a "relatively rapid" speed, health authorities said over the weekend
  • companies said they halted operations after local governments in one district in Ningbo and another in Shaoxing curtailed all production bar essential manufacturing. The orders cover all companies in the affected areas, but only listed firms are required to disclose any impact on their business.
Zhejiang

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