Had a conversation on WeChat with my uncle in Guangzhou.
Looks like they are indeed in a hard lockdown due to rises in Covid cases.
In case you did not know, Guangzhou is a major industrial heartland where lots of stuff is made. Seen it first hand when I went to the markets and it is amazing the amount of tools, taps and other bits and pieces you can buy there to fix things up
Not surprised if we see a pullback from the rally last week that was partly driven by rumours about a review of China Covid restrictions. Hope I'm wrong but get prepared to do some "bargain hunting"