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Lockdown Of Shenzhen Threatens U.S. With More Inflation And Supply Chain Disruptions
Breitbart ^ | 3-15-2022 | John Carney

Posted on 03/15/2022 6:01:45 AM PDT by blam

Lockdown in Chinese manufacturing hubs Shenzhen and Changchun threatens to worsen inflation in the U.S. and to disrupt global supply chains.

The U.S. imported nearly $48 billion of goods from China in January, the latest month for which data is available. Last year, imports of Chinese goods totaled $506 billion, the second-highest level of imports from China on record.

The Chinese government has placed the city of Shenzhen on lockdown for at least a week and ordered everyone in the city to undergo three rounds of covid tests.

The lockdown has halted many manufacturing operations in Shenzhen, including those of Foxconn, a crucial assembler of Apple’s iPhones.

Shenzhen’s exports of goods reached 1.92 trillion yuan, the equivalent of around $302 billion in 2021, according to official Chinese figures. Electronics and telecommunications equipment reportedly account for over 90 percent of the total output of Shenzhen’s high-tech industries. Huawei Technologies and electric-vehicle maker BYD , which produces electric cars and batteries, are located in Shenzhen.

Huawei has reportedly been allowed to remain open.

The cost of U.S. consumer goods less energy and food jumped one percent in January and 0.4 percent in February, for a year-over-year increase of 12.3 percent. The sudden halt of production in Shenzhen threatens to amplify inflationary pressures in the U.S.

While a brief lockdown would likely not cause major disruptions, a lengthy shutdown of Shenzhen manufacturing could become a major snag for global production of autos, semiconductors, and telecommunications equipment.

Damn. Shenzhen locked down. 17 million people and major supply chain hub. More inflation coming.https://t.co/EoPJ8nnu5q

— Alex Tabarrok (@ATabarrok) March 13, 2022

I'm inclined to agree w/early takes that Shenzhen lockdown will worsen inflation. That said, 2-week lockdown in Ningbo, a major port, had only transitory impact on delivery times, PPI.

(snip)

(Excerpt) Read more at breitbart.com ...


TOPICS: News/Current Events
KEYWORDS: china; covid; inflation; lockdowns
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China Orders 51 Million Into Lockdown As COVID Surges
1 posted on 03/15/2022 6:01:45 AM PDT by blam
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To: blam

China has its own way style of economic warfare.

With a billion and one-half people, it can afford to lose a population the size of the US and not blink.


2 posted on 03/15/2022 6:17:30 AM PDT by OpusatFR
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To: blam

Serves us right for having a “supply chain” to China. Anybody who still does business with China today are traitors and need to go bankrupt.


3 posted on 03/15/2022 6:25:47 AM PDT by Chainmail (99.36% of all statistics are made up on the spot)
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To: Chainmail

Nixon was an idiot.


4 posted on 03/15/2022 6:26:34 AM PDT by Spktyr (Overwhelmingly superior firepower and the willingness to use it is the only proven peace solution.)
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To: OpusatFR

“With a billion and one-half people, it can afford to lose a population the size of the US and not blink.”

That has always been their fall-back plan.

I remember reading thirty years ago the warnings of the perils of becoming dependent on China. I never realized at the time the planned degree of dependency and how almost absolute that dependency would become.

It is the most dangerous and the most stupid policy any nation has ever made in world history. It was a decision made by all the Western nations.


5 posted on 03/15/2022 6:31:02 AM PDT by odawg
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To: blam

Call me cynical, but China’s lock downs seem like they’re more about punishing the US economically that the well being of their citizens.


6 posted on 03/15/2022 6:31:18 AM PDT by nh1 (Live Free or Die - not anymore)
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To: blam

China has begun the next phase of the NWO take down of America. beginning with another round of lockdowns designed to allow the Democrats to begin the reimplementation of mail in voting so the Democrats can steal the midterms ….without a miracle I believe this country as it is, ceases to exsist in November.


7 posted on 03/15/2022 6:33:01 AM PDT by gdc61 (LOL not.)
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To: nh1

Sounds just about like what they did the first time in releasing the biowarfare. That was to get Trump out of office because the tariffs WERE hurting the CCP. People’s welfare has zero to do with it. Zero.


8 posted on 03/15/2022 6:34:45 AM PDT by FamiliarFace (I wish “smart resume” would work for the real world so I could FF through the Biden admin BS.)
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To: Spktyr

And Bush Sr. He played a part in it, too.


9 posted on 03/15/2022 6:41:37 AM PDT by telescope115 (Proud member of the ANTIFAuci movement. )
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To: telescope115

Nixon gets most of the blame, though. “Only Nixon could go to China.” But if he hadn’t, they might never have been attractive as an outsourcing provider.


10 posted on 03/15/2022 6:46:56 AM PDT by Spktyr (Overwhelmingly superior firepower and the willingness to use it is the only proven peace solution.)
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To: blam

Economic suicide joins demographic suicide in China.


11 posted on 03/15/2022 6:50:35 AM PDT by Socon-Econ (adi)
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To: blam

Hmmm, maybe we should become less reliant on communist china for goods and services, especially important ones like pharmaceuticals.


12 posted on 03/15/2022 6:51:53 AM PDT by 1Old Pro
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To: Spktyr
"Nixon was an idiot."

Not really. At that time, the Chinese were a main supplier of the North Vietnamese and his contacts with China and Russia cut back much of their materiel floating into the North Vietnamese at the time. It also defused the very high state of tension that damn near caused thermonuclear exchanges under Kennedy.

Nixon didn't make American business turn to China for increased profits - they did it themselves.

13 posted on 03/15/2022 6:53:54 AM PDT by Chainmail (99.36% of all statistics are made up on the spot)
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To: Spktyr

“Nixon was an idiot.”

Amen brother.


14 posted on 03/15/2022 6:54:07 AM PDT by dljordan
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To: Chainmail

Nixon opened the doors - I’ve seen contemporary articles predicting pretty much what ended up happening. American money arming the Chinese against us.


15 posted on 03/15/2022 6:57:26 AM PDT by Spktyr (Overwhelmingly superior firepower and the willingness to use it is the only proven peace solution.)
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To: Spktyr
Yeah, sure - "contemporary articles". I remember those times quite well. Nixon got the Trump Treatment in spades back then.

The only problem with Nixon was that he was way too honorable to fight the Left and resigned rather than fight it out.

Business had choices - they picked treason. Nixon didn't do that for them.

16 posted on 03/15/2022 7:00:37 AM PDT by Chainmail (99.36% of all statistics are made up on the spot)
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To: nh1

Sound familiar??


17 posted on 03/15/2022 7:00:41 AM PDT by SMARTY (Republics decline into democracies & democracies degenerate into despotisms. Aristotle)
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To: Chainmail

Anyone who buys from Amazon, Walmart, etc., does business with China. How many consciously strive to buy American every time they shop? It may take a little more time and money, but I do that and feel a little better about not funding our own demise.


18 posted on 03/15/2022 7:13:27 AM PDT by BozoTexino (RIP GOP)
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To: nh1
--- "Call me cynical, but China's lock downs seem like they're more about punishing the US economically that the well being of their citizens."

The view seems correct in part, but I suspect additionally they want to stir up the Covid fear porn some more, hoping Western nations will play "monkey-see-monkey-do."

Lockdowns are not medical suicide. They sure are economic suicide. China's "man drops dead in the street" from January 2020 was believed. They hope we'll believe them again. And further hamper economic recovery from the last round of lockdowns throughout the West.

19 posted on 03/15/2022 7:17:18 AM PDT by Worldtraveler once upon a time
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To: BozoTexino
Yeah, me too- I try, anyway. Damn stuff is pervasive.

We have to recognize that China is our enemy and our fight began a while ago.

20 posted on 03/15/2022 7:25:23 AM PDT by Chainmail (99.36% of all statistics are made up on the spot)
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