News Snapshot:
The COVID-19 epidemic has re-emerged in Shenzhen, Guangdong Province, China, further worsening the supply chain disruption in the country. According to mainland media, the top 100 businesses in Shenzhen have been ordered to shutter for seven days starting from July 24. Among these companies are Huawei, ZTE, SMIC, Foxconn, and others. The industrial park where they are located has a special PCR testing site, and their employees are required do Covid tests every day. They must hold a negative test certificate within 24 hours before they can work. When the Covid outbreak returned to Shenzhen in March, some companies implemented...
