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Zero Covid burdens domestic trade and logistics

The lockdown in Shanghai will be expensive.

Tens of thousands of beds for isolation wards, regular Covid tests for 25 million people, barriers, controls – not to mention lost tax revenue caused by all the business closures: The cost of zero Covid for China’s municipalities is enormous. Only a handful of economic sectors in Shanghai currently operate halfway efficiently. The port, for example, or the stock exchange – or online food delivery services. According to a report in the South China Morning Post, one month of lockdown alone will reduce Shanghai’s aggregate real income by 2.7 percent.

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