“China’s new Covid lockdowns are another threat to the economy”

“…Lockdowns in China could further drive up container shipping costs, which remain extremely high, and scramble global supply chains that are still trying to sort through pandemic-related delays.”If there is a case found in the Yantian port [in Shenzhen], then there could be a port suspension for at least two weeks,” economists at ING told clients Monday. “That will then affect exports and imports of electronic parts and goods.”That could make inflation even worse. Spending inside China, an important engine of the country’s growth, could also be affected by a new wave of Covid restrictions.”This is certainly the worst virus situation in China since the Wuhan lockdown, and threatens the growth outlook as the domestic consumption will take another hit,” Commerzbank economists Hao Zhou and Bernd Weidensteiner said Monday…”

https://www.cnn.com/2022/03/14/investing/premarket-stocks-trading/index.html

People are starting to understand lockdowns are bad for the economy. This new one in China is and the old one across the world was.