Posted on 03/16/2022 7:03:38 AM PDT by dennisw
How Xi Jinping's dogmatic pursuit of zero Covid policy in China risks sparking ANOTHER global supply chain crisis by shutting down major manufacturing hubs causing shortages of iPhones, cars and other gadgets
Authorities across China are trying to stem the spread of the country's worst Covid outbreak in two years
Some of the toughest measures seen in key manufacturing hubs of Shenzhen, Dongguan and Changchun Regions' factories supply everything from electric scooters and toys to air conditioning units and USB sticks
New Chinese lockdowns prompted by President Xi's zero Covid policy risk sparking another global supply chain crisis and causing shortages of iPhones, cars and other electronic gadgets in Britain, experts warned today.
Authorities across China are trying to stem the spread of the country's worst Covid outbreak in two years, putting tens of millions of people under harsh restrictions, curbing transport and shutting factories.
Some of the toughest measures have been applied in the key manufacturing hubs of Shenzhen, Dongguan and Changchun, as well as the Chinese financial centre of Shanghai, which is home to the world's busiest container port.
Shenzhen's port, Yantian, handles about 90% of all China's electronics shipments. Foxconn, which produces Apple iPhones, had to close down its factories in Shenzhen, although these have been allowed to reopen under strict Covid controls.
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Other companies which have warned Covid curbs are impacting their businesses include Toyota, Volkswagen and KFC operator Yum China. Electronic goods that could see supply issues include everything from electric scooters and toys to air conditioning units and USB sticks.
Experts warned the shutdowns could cause yet more disruption to global supply chains that have already been stretched to their limit by Covid - but said the situation would only become critical if they last for more than a few weeks.
Last year, a global logistics crisis caused by Covid and a shortage of HGV drivers saw hundreds of ships unable to dock and unload their goods, and vast piles of empty containers appearing in fields near major UK container ports.
As a result, businesses were left with huge delays to shipments, with retailers struggling to import popular
Maybe those businesses will realize the stupidity of moving everything to China now?
My gut keeps saying this is not about covid but rather economic warfare
Look at the bright side: the more they lock down, the weaker they get, and the less likely they will be to invade Taiwan.
Totally agree. They are aiming at "money-see-monkey-do" with the expectation that the "responsive" Left in Western nations will AGAIN follow their "faux" example and lockdown whole economies. Worked before. Why not try again.
https://www.forbes.com/sites/giacomotognini/2021/04/06/meet-the-40-new-billionaires-who-got-rich-fighting-covid-19/?sh=301b5ff17e54
YES. Its both economic and domestic political. Economic - like Russia with energy, they control a lot of manufacturing now, and are flexing their muscle internationally.
Political - the CCP has always ruled by "movement" - herding the sheep moving en masse, in one direction or another. Keeps them in line, keeps the country focused on imaginary goals the Party create, keeps opponents off balance. By the way, Obama used a version of this with BLM, organized riots and "defund the police."
I was wondering that myself.
Our lamestream media is ignorant or well paid to pretend ignorance I vote well paid to coverup the truth and pretend
What if the lamestream is lying ?
Nope. Ignorance can be rectified with knowledge, but stupidity is impervious to amelioration.
100% on purpose. Anything to weaken the U.S. is good for China and Russia.
Anybody think that may be what he wants?
The CURRENT supply chain CRISIS has NOT been solved.....
The media has been complicit with Biden & just NOT REPORTED IT.
What do you mean “IF”, KEMOSABE???
Stop eating bats and bingo, your there.
Many say it is deliberate - COVID may or may not be involved but, coincidentally, the closed cities impact US manufacturing.
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You are correct this is economic warfare by the Chicoms to finish off the US economy.
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