Purchasing managers’ indexes for March showed lockdowns in the technology and trade center Shenzhen and automotive city Changchun cut factory activity in the month. Services have also been hit hard as restaurants and retail shops close because of renewed restrictions and tightened social distancing measures.
Supply chain scares are intensifying as Shanghai – home to the world’s largest container port – battles mounting infections. Covid controls in the city are impacting operations and reducing efficiency at the port, while shipping giant A.P. Moller-Maersk has already shut some facilities in the city.
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