European Firms Appeal To China To Relax Draconian Covid-19 Policies

European Firms Appeal To China To Relax Draconian Covid-19 Policies China's zero tolerance Covid-19 policy is beginning to take its toll on the country's own financial sector, as well as the broader global economy. In fact, the spillover effects from Shanghai's lockdowns are so detrimental, that even Germany is urging China's communist government to relax its draconian virus containment measures to prevent a complete collapse of supply chains. As Bloomberg points out, China's Covid-19 containment policy is substantially deteriorating the country's economy, as the continued increase in cases translates to reduced movement and less consumption among citizens. But, consequences from…