Escalation of Omicron Could Lead China to Double Down Zero COVID Stance

Escalation of Omicron Could Lead China to Double Down Zero COVID Stance An outbreak of Omicron could lead China to implement full-scale lockdown which could potentially add to further bottleneck in the supply chain China maintaining its zero-COVID approach might enforce full scale lockdown as the new omicron variant raises concerns on renewed wave of COVID-19 jeopardizing full scale reopening as expected earlier. As reported by CNBC, Mark Williams, Chief Asia Economist at Capital Economics said, "The spread of highly transmissible variants may ultimately make the strategy untenable. But in the short-term, the authorities are more likely to double down,"….