Some Companies Suspend Production in Zhejiang Province Because of Virus Outbreak

Some Companies Suspend Production in Zhejiang Province Because of Virus Outbreak
Lines of trucks are seen at a container terminal of Ningbo Zhoushan port in Zhejiang province, China on Aug. 15, 2021. Cns photo via Reuters
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SHANGHAI—More than a dozen Chinese-listed companies said they had suspended production in coronavirus-hit parts of China’s eastern Zhejiang Province in response to local government’s tightened COVID-19 curbs, causing their share prices to plunge.

Zhejiang reported a total of 173 locally transmitted cases with confirmed symptoms during the Dec. 6–12 period, official numbers showed on Monday, marking the province’s first domestic cluster outbreak this year.