china: Supply chain woes could worsen as China imposes new COVID lockdowns


Source: newsindian.in newsindian.in

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[China] , dwelling to about one-third of world manufacturing, imposes sweeping lockdowns in an try and hold the [omicron] variant at bay. The measures have confined tens of hundreds of thousands of individuals to their properties in a number of Chinese language cities and contributed to a suspension of connecting flights via Hong Kong from a lot of the world for the subsequent month. Not less than 20 million folks, or about 1.5% of China’s inhabitants, are in lockdown, largely within the metropolis of Xi’an in western China and in Henan province in north-central China. The nation’s zero-tolerance coverage has...