Today’s Cache | The effect of locking down China’s ‘Silicon Valley’

Residents of the city of Shenzhen have been ordered to stay at home due to a renewed coronavirus outbreak. The city of Shenzhen is dubbed China’s Silicon Valley, and nearly 17.5 million people live there. China’s fastest growing city is home to tech giants like Tencent and Huawei, and ranks third among Chinese cities in economic output. At least six other suppliers to the iPhone maker are based in Shenzhen, and BYD, China’s EV maker, also produces its car in the city. The stay-at-home restrictions across the country could further hit key manufacturing hubs, and add pressure on China’s growth target.