Just got a notice from my parts supplier in Shenzhen.
All businesses in Shenzhen, China's manufacturing hub, are closed effective immediately for an indefinite period. That includes all shipping companies including FedEx. NOTHING is going in or out of the most important manufacturing hub in the world right now, and there is no timeframe on when it may reopen.
Supposedly, this is due to a Coronavirus outbreak. We all know that reason is crap. I suspect the invasion of Taiwan is about to begin. Can't think of any other event big enough to warrant this.
Just thought I would pass along the information in case anyone had any doubts.
Since Feb. 28, China has reported 6,682 COVID cases, which are primarily believed to be caused by the Omicron variant. In a country of 1.45 BILLION people, that's only 0.00046% of the Chinese population having Omicron, or roughly 1 in every 250,000 people having Omicron.
Shenzhen reported more than 400 cases during that period out of 17.5 million residents. That's 0.002% of the population, or roughly 1 in every 50,000 people who have Omicron.
Shutting down entire regions for that seems pretty unnecessary.
but if you want global reset and short the supply chain you would shutdown world manufacturing center
Their argument is that it's to prevent it from continuing to spread further and then that leading to overwhelming their hospital services and things like that. And they argue that if you let it spread more than about here, it just continues exponentially like infections do, and you can't get it down again. Their covid policy in China is literally called the "Zero Covid Policy" so they are striving to have essentially 0 covid cases, which 0.00046% essentially is. So those are their arguments and policy.