Global economy braces for China inflation shock
A worker in a protective suit keeps watch next to barricades set around a sealed-off area, during a lockdown to curb the spread of the coronavirus disease (COVID-19) in Shanghai, China April 11, 2022. REUTERS/Aly Song TPX IMAGES OF THE DAY – RC2YKT9UITF1
Register now for FREE unlimited access to Reuters.com
Register
HONG KONG, April 14 (Reuters Breakingviews) – China’s battle against Covid-19 is set to deliver the world economy another blow on top of the war in Ukraine. Chinese manufacturing hubs are seizing up as authorities stamp out fresh outbreaks. Despite talk about diversifying supply chains, the world’s dependence on Chinese factories has only increased.
Roughly three-quarters of China’s top 100 cities – accounting for over half of national GDP – have implemented varying degrees of pandemic restrictions as of April 6, according to research firm Gavekal. Most of Shanghai’s 26 million residents were confined to their homes…
