News Snapshot:
China will proceed to open to the world, President Xi Jinping instructed a commerce summit on Wednesday, simply days after Beijing doubled down on its strict border controls. Xi’s remarks come as many overseas companies have discovered their operations halted because of a lingering Covid-19 lockdown in monetary hub Shanghai, with the American Chamber of Commerce warning it was bracing for an “exodus” of overseas expertise because of unrelenting restrictions. Beijing has been digging its heels in on a strict zero-Covid coverage of stamping out clusters as they emerge, however an Omicron flare-up has resulted in tangled provide chains as...
