Posted on 12/07/2022 3:11:43 PM PST by nickcarraway
China's imports and exports plunged in November to levels not seen since early 2020, official figures showed Wednesday (Dec 7), as severe COVID-19 restrictions hit the economy hard.
The last major economy still wedded to a zero-tolerance virus policy, Beijing's snap lockdowns, travel curbs and mass testing have stifled business activity, disrupted supply chains and dampened consumption.
Imports in November fell 10.6 per cent year-on-year, the biggest drop since May 2020, according to the General Administration of Customs.
(Excerpt) Read more at channelnewsasia.com ...
The communists don’t mind if the Chinese citizens are hurt as long as they can be in charge and make money.
Too bad, so sad.
Dictatorships are always afraid of looking weak, so they can never admit mistakes
so the stupidity continues ... the regime must always appear correct and infallible
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