Chinese government closes foxconn and samsung factories due to coronavirus outbreak

Some of the latest Chinese news seems like science fiction because of the spread of the coronavirus. The Chinese central government is quarantining entire cities to contain the spread of the virus and effectively protect the population from contagion.

When the decision is made in cities with more than ten million inhabitants to prevent the exit and entry of inhabitants, the most immediate consequence is that the factories keep workers. According to ZeroHedge reports, the Chinese government has ordered the closure of a large number of factories, some owned or operated by large companies in the tech world and fast-moving consumer goods industries.

Countries with confirmed cases of coronavirus transmission

Among them is Foxconn, which has electronic component manufacturing contracts with major Silicon Valley companies such as Appple and Samsung Electronics. A third name among affected companies is the pharmaceutical company Jhonson & Johnson, and it is that the closure of the factories could harm the production and distribution of technological products in the next commercial exchanges, not to mention the possible impact on the prices of this type of product. of consumption.

The closure is currently established for between one and two weeks. The maintenance of the preventive state depends on the evolution of the situation in relation to the behavior of the coronavirus and its spread or contagion rate.