News Snapshot:
The city of Yiwu in central Zhejiang Province, a major source of manufactured goods for the rest of the world, has imposed a quasi-lockdown amid a new coronavirus outbreak, in another sign of the difficulties local officials face when balancing a dynamic zero Covid-19 policy with the economic imperative of keeping businesses running. The Thursday lockdown of Yiwu, with residents encouraged not to “leave the city”, comes just as authorities were trying hard to get the local economy back to normal after previous disruption. The city’s gigantic wholesale markets, which sell made-in-China manufactured goods from shovels to shoes to nearly...
