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Shanghai’s ‘grim’ Covid outbreak threatens more global supply chain disruption
Lockdowns imposed over China’s worst Covid outbreak has hit manufacturing and may lead to delays and higher prices
The Covid-19 outbreak in Shanghai remains “extremely grim” with the ongoing lockdown of China’s financial powerhouse threatening to devastate the country’s economy and “tear apart” already very stretched global supply chains.
As Shanghai announced another daily record high of 16,766 cases on Wednesday, the director of the city’s working group on epidemic control was quoted by state media as saying that the outbreak in the city was “still running at a high level”.
Read the original article at The Guardian