Business Maverick: China’s Covid Zero policy is an anchor on commodities prices

It’s still difficult for stimulus to gain much traction if large swathes of the economy – including, now,– are threatened by the kind of disruptions that have engulfed Shanghai for two months and counting.

For as long as the government persists with Covid Zero, it seems unlikely that raw materials markets can make much headway, especially if China’s policy helps keep a lid on the power prices that underpin a lot of the cost of producing commodities. The consensus seems to be that President Xi Jinping won’t change course until he secures an unprecedented third term in power at the Communist Party congress in the autumn.

Singapore Singapore Latest News, Singapore Singapore Headlines

Similar News:You can also read news stories similar to this one that we have collected from other news sources.

Families continue to struggle as prices of basic necessities rise - SABC News - Breaking news, special reports, world, business, sport coverage of all South African current events. Africa's news leader.Many families around the country are struggling to keep their heads above water as prices of basic necessities continue to rise amid the lingering effects of the COVID-19 pandemic. If govt stop wasting money, this need not be the case... No - the effects of the MYANC decisions. Let's clearly understand what kind caused the problems. Let's bring the hate to them Government does not care, all they care about is cuba... Everything cuba.
Source: SABCNews - 🏆 37. / 51 Read more »