/ 19 April 2022

COVID challenges China

Image source: Unsplash
Image source: Unsplash

The hard lockdown in Shanghai is entering its 4th week, and locals are concerned about getting enough food, medicine and other essentials to keep going. And it’s not just Shanghai in lockdown – last week, 87 of China’s 100 largest cities had imposed some form of restriction on movement as they fight off the worst outbreak of the pandemic. Still, the government remains committed to COVID-zero – a difficult thing to pull off in the era of Omicron, low vaccination rates across older age groups, and claims the locally-made vaccine is not as effective as others. As China tries to contain COVID, the equivalent of 40% of China’s economic output is under some form of lockdown. That’s reflected in the nation’s latest economic stats – domestic consumption is down, and there is slower than expected economic growth for the year’s first quarter. Analysts say resume the supply chain shortage brace position…

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