News from World

tag: lockdown

06 May 2022

China: the latest lockdowns could be a catalyst for change in consumption with permanent effects

Luxury shopping malls in Shanghai remain closed. China's zero-COVID policy has put the country's commercial capital of 26 million people on lockdown. Frustration grows as people confined to their homes reach what has been described as an "emotional turning point.". [What the Shanghai Lockdown Means for Luxury – Jing Daily]

21 April 2022

Covid restrictions in China damage the world's leather sector and make Chinese entrepreneurs flee the country

Ongoing disruption of production in China and the supply chain through its ports causes problems for the global leather industry, says leatherbiz's "Market Intelligence" report. Jing Daily writes, that anger grows under the seemingly endless lockdown of Shanghai and the demands for emigration by Chinese entrepreneurs have soared. According to the Financial Times, wealthy people fleeing the country have increased because the recent wave of Omicron has left 26 million residents trapped in their homes and economic activities have stalled.

11 April 2022

Shanghai Lockdown Tests China's Zero Covid Policy

Aspen Security Forum Executive Director Anja Manuel joins Emily Chang to discuss the impact of China's lockdowns on its population, its economy, and its tech competitiveness, and how U.S./China relations will evolve as the war in Ukraine rages on. [Shanghai Lockdown Tests China's Zero Covid Policy -Bloomberg]

17 March 2022

Covid, China in lockdown again

The Sourcing Journal reports on further price increases and delays in logistics. Lockdowns across China have created new supply chain uncertainties, but one factor that’s become clear: shippers can expect a rise in rates once restrictions are lifted and operations resume.

25 January 2022

LOCKDOWN IN CHINA PUTS GLOBAL TRADE IN CRISIS

The Decision of the Chinese government to put entire cities in lockdown after the discovery of a few dozen positive cases of coronavirus (the so-called “zero-Covid strategy”) is worsening the crisis of the “supply chain”. The lockdowns, which are affecting cities of millions of people, have already caused the closure or slowdown of the production of international companies that have factories in China, and have aggravated the delays of maritime shipments, on which much of global trade is based.

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