Sinolytics Radar
China's ports suffer under lockdowns
China doubles down on its Zero-Covid approach. President Xi Jinping says that "persistence will lead to victory" (坚持就是胜利). To cushion the economic impacts, the central government released new consumption incentives (incl. Infrastructure). Shanghai, in principle, allowed 1800 companies to produce in "closed loops". But interruptions of logistics and supply chains continue to undermine a swift return to undisrupted production. Especially delays in the logistics chain wreak havoc on global supply chains.
Von Redaktion Table