China Puts Megacity Chengdu Under Lockdown As Zero-Covid Intensifies

"Asian stocks tumbled after China announced the metropolis of Chengdu would lock down its
21 million residents as authorities battled a new Covid-19 outbreak.

In China's Western region, officials in Chengdu launched massive Covid testing and requested residents to abide by "stay home in principle" from 6 pm on Thursday. The new measure allows one person per household the ability to procure essential items at places like supermarkets. 

"The current state of epidemic control is abnormal, complex, and grim," officials said, adding the lockdown aims to "decisively arrest the spread of the outbreak and guarantee the health of all citizens." ZeroHedge