China’s ruling communist party (CCP) has locked down the world’s largest electronics market and the urban districts in its megacity Shenzhen, which is China’s economic center. Meanwhile, a Chinese think tank warned of major risks to China’s economy, calling on the authorities to change the “zero-COVID” policy to help economy.
After 11 local COVID-19 cases of the Omicron variant were officially reported by authorities in Shenzhen on Aug. 29, three of the city’s ten districts; Futian, Longgang, and Luohu, were locked down.
Futian was ranked second in its contribution to Shenzhen’s GDP in 2021, Longgang ranked third, and Luohu ranked sixth. Together, the three districts make up for more than 40 percent of Shenzhen’s GDP….