Production suspensions in Chinese manufacturing hub amid COVID-19 outbreak

Business Standard | Dec 14, 2021 at 1:00 AM
  • Several companies in one of China’s biggest manufacturing hubs have suspended operations as local authorities try to contain a COVID-19 outbreak, halting production of goods from batteries to textile dyes and plastics.
  • At least 20 listed companies have shut down operations in Zhejiang, as tens of thousands of citizens were placed in quarantine, some domestic flights were suspended, and several sporting events cancelled.
  • Companies reporting suspended production on Tuesday included Zhejiang Mustang Battery Co Ltd, Guobang Pharma Ltd and textile dyes maker Zhejiang Runtu Co Ltd .