Foxconn, one of Apple's biggest suppliers, has suspended operations in Shenzhen as China locks down the technology hub and several other regions to contain the country's worst Covid-19 outbreak in two years.
The world's second largest economy is still doggedly pursuing its zero-Covid strategy, even as other nations reopen and try to live with the virus. The lockdowns in major Chinese cities will impact not just the country's post-pandemic recovery, but could deliver a new blow to global supply chains.The southern city of Shenzhen, which borders Hong Kong, is home to Chinese tech giants like Tencent and Huawei.
Public transportation, including subways and buses, have been suspended in the city, which has a population of 17.5 million.Shenzhen is also home to one of the world's largest container ports, and any disruption there could hit an already stressed out global supply chain.
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