ICYMI: China's Chengdu and its 21 million population enters lockdown

The move comes after the city reported 157 COVID-19 Covid-19 Covid-19 or the novel Coronavirus is a pandemic that has yielded wide ranging economic turmoil and volatility across financial markets in 2020. The first cases of Covid-19 were reported in Wuhan, China in late 2019. Since then, the virus has expanded globally, infecting millions worldwide. The virus has been extremely controversial, namely in the United States, which became heavily politicized during the 2020 presidential election. The Covid-19 pandemic is completely unprecedented in modern ti Covid-19 or the novel Coronavirus is a pandemic that has yielded wide ranging economic turmoil and volatility across financial markets in 2020. The first cases of Covid-19 were reported in Wuhan, China in late 2019. Since then, the virus has expanded globally, infecting millions worldwide. The virus has been extremely controversial, namely in the United States, which became heavily politicized during the 2020 presidential election. The Covid-19 pandemic is completely unprecedented in modern ti Read this Term cases yesterday with mass testing to be conducted from Thursday to Sunday. All residents have been ordered to stay at home with households allowed to send a single person out, once per day, for groceries. But at least there is some leeway in the sense that people can leave the city but only after getting a negative test result within the past 24 hours.

For some context, Chengdu houses a population of roughly 21 million and accounts for about 1.7% of China's GDP. There are quite a number of key manufacturing sites in the city such as Foxconn and Toyota. So, this just adds to more worries about supply disruptions and this comes after the news that Guangzhou and Shenzhen also tightened restrictions in the past week.