Local officials in China’s Shenzhen city are struggling to keep their cities running, even with the central regime’s newly branded “dynamic zero-Covid” policy, but will be dismissed if they challenge it. “It’s very hard for the government to maintain operations. Nobody works [under lockdown]. We can’t collect any tax [from enterprises and businesses],” Guo Qiang (Pseudonym),…
As China’s Zero-Covid Policy Inflicts Damage to Economy, Local Officials Face Dilemma
March 24, 2022
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Residents Reveal Their Plight Under China’s Mass COVID-19 Lockdown
In response to the recent COVID-19 surge in China, the regime has locked down mega city Shenzhen, Jilin Province, and Dongguan city, Guandong Province, and put travel restrictions on many places. Under the extreme pandemic controls, China’s citizens shared their plight with the Chinese language edition of The Epoch Times. In the past few days,…
Apple Supplier Foxconn Signals Revenue Decline in 2022
Taiwan-based Foxconn, the world’s largest contract manufacturer of electronics and a major Apple supplier, is predicting revenues will potentially dip this year due to continuing supply chain issues. In a March 15 earnings call, Foxconn Chairman Liu Young-way called 2022 a “very challenging year” but said he was “cautiously positive” about this year’s sales outlook. The company…
China Mandates COVID-Zero Policy, Shenzhen People Desperate for Food
The Chinese regime continues to mandate its COVID-zero policy that quarantines all potential infections and locks down cities. Residents in Shenzhen, a city with multiple districts reporting outbreaks of COVID-19, complained that they were surrounded by “trash mountains” and in desperate need of food due to the lockdown. Hungry People “On the evening of Feb….
China Evergrande Moves From Shenzhen HQ Building to Cut Costs
January 11, 2022
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SHENZHEN, China—Heavily indebted property firm China Evergrande Group said on Monday that it has moved out of its headquarters in Shenzhen to another property in the city to cut costs and was still registered in the southern Chinese city. The company issued its statement after the Chinese media outlet The Paper reported that Evergrande had…
China’s Southern Megacities Warn of Water Shortages During East River Drought
SHENZHEN, China—China’s major southern cities Guangzhou and Shenzhen have warned of severe water shortages lasting into next spring as the East River, a tributary of Guangdong’s Pearl River, continues to be hit by its most severe drought in decades. Authorities in both cities are asking citizens to reduce water consumption, with rainfall between January to…
Even in Tech Hub Shenzhen, China’s Property Market Succumbs to Chill
SHENZHEN, China—Life used to be good for Jerry Tang, who left his rural hometown in 2014 to become a real estate agent in Shenzhen, China’s tech megacity and one of the world’s hottest property markets. Just a few years ago, Tang could make up to 50,000 yuan ($7,800), in a good month, selling apartments. Last…
Shenzhen’s Sinking Industrial Profits Are a Bellwether for Other Parts of China: Economists
November 15, 2021
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The southeastern Chinese city of Shenzhen—known as a national leader in economic development—has seen its industrial profits plunge during the year. Monthly data from the Shenzhen Bureau of Statistics reveal the city’s industrial enterprises profits fell by 50.4 percent in July compared to June, a 40 percent drop from last July. August saw a fall…
China’s COVID-19-Hit Shenzhen Suspends Direct Flights to Beijing
SHENZHEN, China—Direct flights from the southern city of Shenzhen to Beijing have been suspended until at least July 1, booking apps showed, ahead of celebrations for the Chinese Communist Party’s founding in the capital on that date. China’s most populous province Guangdong is battling a COVID-19 outbreak, with 170 confirmed local cases between May 21…
Shenzhen’s Busiest Commercial Street Closed Due to COVID-19 Outbreak
June 3, 2021
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The COVID-19 epidemic in Guangdong province continues to worsen. The Epoch Times has learned that one of the busiest commercial streets in the mega city of Shenzhen has just been closed due to infection. Meanwhile, in the provincial capital of Guangzhou city, food and medicine shortages have been reported in locked down areas. On June…
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