China Covid-Zero disrupts supply chain and impacts global recovery: HSBC


Source: eminetra.com eminetra.com

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China’s Zero-COVID regulations will impact the recovery of the global supply chain, according to HSBC’s head of shipping. Small turmoil in China is likely to lead to “spillover” around the world. The pandemic “reveals how slim the supply chain has been, and there is little room for error,” said Parash Jain, Global Head of Shipping and Port Equity Research at HSBC. “China’s great importance to world trade means that a small turmoil in China will have a spillover effect on the entire supply chain,” Jane told CNBC’s “Squawk Box Asia” Monday. China, the world’s second largest economy, [Zero Corona Strategy](//www.cnbc.com/2022/01/24/china-zero-covid-lockdowns-cny-holiday-impact-supply-chains-ports.html)...