01 Sep 2022 -
 General

China Covid scare forces shutdown of world’s biggest electronics wholesale market

chinese city

The largest electronics wholesale market in the world, located in Huaqiangbei, Shenzhen, China, was forced to shut down for four days due to a rise in Covid-19 cases, according to a report by South China Morning Post.

Merchants in the district woke up on Monday to the notice saying that the area will be closed through Thursday. All tenants are required to work from home during the period and take a nucleic acid test every day, according to one of the district’s biggest operators, Huaqiang Electronics World.

As Beijing strives to compromise between its zero-Covid policy and maintaining economic activity, the city of more than 17 million people managed to limit a Covid-19 outbreak in March following a week-long lockdown and has been hailed as an example of effective governance, as per SMCP. 

Supply Chain Concerns

The shutdown has prompted concerns in local supply chains, as the area serves as an important technological hub in China. 

According to Tech Times, Shenzhen has been performing targeted lockdowns of residential complexes and routine mass testing ever since it observed an increase in new cases in mid-August and reported 11 new cases on Sunday. 

The most recent actions, however, highlight the difficulty that China is facing in balancing its economic goals and health policies. 

The shutdown has prompted concerns in local supply chains, as the area serves as an important technological hub in China. 

The city of over 17 million, which managed to contain a Covid-19 outbreak within a week in March, has been hailed as a model of effective governance, writes SCMP.

To avoid electronics supply-chain disruptions, you may also wish to consult an expert in electronics component supply. With more than three decades of supply-chain expertise, Astute Electronics is ideally placed to work with you on your daily component requirements.

For more help with looking at supply chain options, contact Astute Electronics

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