Shanghai Covid scare raises spectre of further lockdown disruption
With mass testing again underway, there are renewed fears that Shanghai could go back into ...
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MAERSK: BULLISH CALLXPO: HEDGE FUNDS ENGINEF: CHOPPING BOARDWTC: NEW RECORDZIM: BALANCE SHEET IN CHECKZIM: SURGING TGT: INVENTORY WATCHTGT: BIG EARNINGS MISSWMT: GENERAL MERCHANDISEWMT: AUTOMATIONWMT: MARGINS AND INVENTORYWMT: ECOMM LOSSESWMT: ECOMM BOOMWMT: RESILIENCEWMT: INVENTORY WATCHDSV: GREEN LIGHT AMZN: TOP PICK
China’s whack-a-mole policy on Covid has seen parts of Shanghai and Beijing lockdown once more. The new localised lockdowns are not affecting global trade, but the policy of zero-Covid means it’s likely that there will be continued disruption in the country – probably for some time to come. Nevertheless, authorities are keen to restart trade and have been holding meetings with foreign companies to reassure them, reports Reuters.
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