How China's lockdowns are taking a toll on global companies

  • 📰 cnni
  • ⏱ Reading Time:
  • 25 sec. here
  • 2 min. at publisher
  • 📊 Quality Score:
  • News: 13%
  • Publisher: 59%

Nigeria News News

Nigeria Nigeria Latest News,Nigeria Nigeria Headlines

The double-barreled crisis of Chinese cities on coronavirus lockdown and millions, or billions, in losses due to the war in Ukraine is a stark reminder of China's outsized importance to multinational corporations. | Analysis

International brands are revealing the damage to their bottom lines from China's "zero Covid" policy, where tens of millions of people remain in lockdown and almost every major business has been disrupted.

In recent weeks, dozens of mainland Chinese cities, including the financial hub of Shanghai, have been locked down as authorities work to stamp out the coronavirus. For industries ranging from Big Tech to consumer goods, that's destroying both supply and demand — and giving executives another major headache.Many companies had just run up millions, or billions, of dollars in losses due to the war in Ukraine, which led to a massive — and costly — corporate exodus from Russia.

 

Thank you for your comment. Your comment will be published after being reviewed.
Please try again later.

RemNoteBot

CNN = China Negative News

FreeBiafra FreeMaziNnamdiKanu EndNigeriaNowToSaveLives

Вкрадене в Україні зерно росіяни вивозять в РФ, Крим та Сирію, - розвідка -

💉☠️The truth about the pandemic الحقيقة عن الجائحة

Its a violation of their human rights man🫤

We have summarized this news so that you can read it quickly. If you are interested in the news, you can read the full text here. Read more:

 /  🏆 326. in NG

Nigeria Nigeria Latest News, Nigeria Nigeria Headlines