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Wednesday, May 15, 2024

All eyes on China

A cargo ship carrying containers is at the Yantian port in Shenzhen following a Covid outbreak in Guangdong province on May 17, 2020. REUTERS

China’s zero-Covid policy has lasted for nearly two years and faced a tough challenge last week as a flare-up triggered fresh lockdowns in several industrial cities in hard-hit northeastern Jilin province and southern technology hub Shenzhen.

The abrupt pause in economic activities for factories and public transport has created a shockwave for global supply chains.

Those in the tourism sector who wished to see China lift its two-year border closure had their hopes dashed as Beijing vowed to continue with its stringent policy to battle the highly transmissible Omicron subvariant…

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