Fears are growing that lockdowns to tackle a sharp rise coronavirus cases in China will disrupt shipping from one of the world’s biggest ports and cause shortages to ripple through global supply chains.
Chinese markets tumbled today as authorities imposed a one-week lockdown on Shenzhen, a city of 17.5 million people in the southeast of the country, to tackle rising infection rates.
Shenzhen, dubbed the Silicon Valley of China because of its booming technology industry, has the world’s fourth-largest port, Yantian International Container Terminals. Yantian is thought to handle about 90 per cent of China’s vast electronics exports, making it a key cog in global trade.
While Yantian said that the port was operating normally, the Shenzhen lockdown is widely expected to hit trade from
