FT: Shipbuilding: the new battleground in the US-China trade war
THE FINANCIAL TIMES reports: Shipping has been at the centre of the global economy for over ...
ZERO HEDGE writes:
As Shanghaiers struggle with shortages of food and medicine, while workers (both blue-collar factory workers and highly remunerated bankers and traders) are forced to bed down at work for what could be a lengthy stay, local authorities have provided the first hint that the staggered Shanghai lockdown could last longer than the 9 days it was originally slated for.
Reuters reports that local authorities have begun locking down some western parts of Shanghai two days ahead of schedule as the number of new cases detected in China’s most populous city increased by one-third despite stringent measures already in place to try to stop the virus spreading. The city’s lockdown is only in its third day.
While residents in the eastern part of the city have been locked down since Monday, those in the west were previously scheduled to start their four-day lockdown on Friday. Now, they’re being told to prepare for the lockdown to begin immediately…
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