The German government looks with concern at the consequences of China’s zero-Covid policy. “If China continues to be affected by lockdowns, new supply bottlenecks and a slowdown in world trade are possible,” according to the monthly report of the Ministry of Economics published on Friday. The forecast for German foreign trade in the coming months is “mixed,” it said. The situation of the port in Shanghai also has the German government worried: “Around three percent of global container freight capacity is currently stuck in a traffic jam outside the port of Shanghai,” the monthly report says.
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