| 1:40:48 PM - Thu, Apr 28th 2022 |
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China's 'Zero-Covid' policy shakes the world economy
On April 18, 2022, the Chinesexo walletgovernment released economic numbers. shows that in the first quarter of this year China's GDP grew at a higher-than-expected 4.8 percent compared to the same period last year. That was higher than what economists believed China's GDP in the first quarter was 4.4 percent.
Industrial output in the same period grew 5.0%, but retail sales fell 3.5%.
Elderly people, the Cabinet increases the living allowance 700-1,250 baht for 6 months.
100 million durian Thrilling to find covids. China closes checkpoints. Price swings heavily.
Found and paid, claim flooding hundred million to the queue for Sinkhong, filed for business rehabilitation
An interesting point is This GDP figure It doesn't yet cover a huge ongoing and ongoing problem in China: another major outbreak of COVID-19. As a result, the Chinese authorities have to "lock down" according to the "Zero Covid" policy, covering a very wide area.
Investment research firm Gavekal estimates that among the top 100 cities in China's economic status rankings, 87 are under tight lockdown.
Nomura Holding's research estimates that The lockdown population is nearly 400 million, which together account for about 40 percent of the country's $7.2 trillion GDP.
The hardest hit was the Shanghai lockdown. A city of 25 million people, it is one of China's most important manufacturing and export centers.
shanghai port According to official statistics, as of 2021, goods flow amounted to more than 20% of China's total merchandise traffic. in a state of stagnation Foodstuffs are left to rot at the port. because there is no labor to manage
Arrival An average of 8 days are required to stay at the port before being transferred to their destination. This is a 75% increase from the previous lockdown period.
Airlines that used to provide freight services All inbound and outbound Shanghai freight flights were cancelled. while the cargo truck that used to enter and exit the port Has stopped more than 90%
in terms of production Official figures show that as of 2021, Shanghai accounts for 6% of China's total exports. Now, it is in a state of closing all factories in the city and all factories in the outskirts of the city.
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