China locks down more than 30 million people as COVID-19 flares, threatening global supply chains
CBSN
Beijing — Chinese authorities on Tuesday tightened anti-virus controls at ports, raising the risk of trade disruptions after some auto and electronics factories shut down as the government fights the country's worst COVID-19 outbreak since the start of the pandemic two years ago.
China this week banned most people from leaving a coronavirus-hit northeastern province and mobilized military reservists Monday as the fast-spreading "stealth Omicron" variant BA.2 fueled a surge in infections.
Stock prices in China and Hong Kong sank for a second day following the shutdown on Monday of Shenzhen, a tech and finance hub adjacent to Hong Kong in the south, and Changchun, an auto center in the northeast. Bus service to Shanghai, China's business capital and biggest city, was suspended.
