Page 4 - China Lockdowns News Today

Under current pandemic control measures, China’s unemployment situation could get as bad as 2020 when as much as 12 per cent of the working population was jobless, academics warn.

Shanghai is slated to come out of strict two-month COVID lockdown. The ongoing COVID surge in China, and resulting lockdowns, continue to put pressure on supply chain, operations of many large automakers. In Shanghai large automakers saw 75% production decline in April.

Restrictions feed a sense of insecurity among many middle-class Chinese; ‘We are the last generation’

By hampering economic activity, China’s coronavirus controls are doing more damage to average life expectancy than good, a high-profile Chinese professor says.

Session To Open With Experts on Latest From Ukraine, Macro Conditions' Impact on InfrastructurePHILADELPHIA, PA / ACCESSWIRE / May 16, 2022 / Leading global asset manager abrdn and Aberdeen Standard Global

Strict zero-Covid controls have slowed China’s export momentum in recent months, with container rates from Asia to Europe and the US West Coast falling by more than 20 per cent since March, industry figures show.

Coronavirus-driven disruptions to economic activity have affected 160 million people this year and cost 18 trillion yuan (US$2.68 trillion), a top economist says, more than 10 times the toll of the Wuhan outbreak in 2020.

Thailand is the world’s largest exporter of orchids, but the pandemic forced one in five farms to close, and growers are expecting further hits due to the war in Ukraine. Exports to China have also dropped by more than a third in the last year.

Strict zero-Covid policies have pushed potential Chinese travellers to stay at home, creating a surge in travel for activities like camping and suburb tours.

China’s capital confirms 51 new Covid-19 infections from around 20 million tests conducted as the city tries to avoid a Shanghai-style lockdown.