News Snapshot:
China’s economy faces fresh blow from COVID lockdown in Shanghai A MAN walks past Lujiazui financial district, seen across the Huangpu river, amid the lockdown in Pudong area to contain the spread of the coronavirus disease 2019 (COVID-19) in Shanghai, China on March 28. — REUTERS SHANGHAI’s sweeping, two-phase lockdown will likely deal a heavy blow to businesses reliant on consumer spending, though economists say the city’s industrial sector can largely withstand the disruption, mitigating threats to the global supply chain. The staggered eight-day lockdown in Shanghai — a city of 25 million people — and lingering effects from the...
