Rise of COVID in China

closed hanged on door
COVID closing businesses in China

While the world is still transfixed by Ukraine developments, China has reported a significant resurgence in COVID cases. Case loads are still relatively small compared to some other countries. However, the economic effects of anti-COVID measures in China are amplified because of their zero-COVID policy.

Shenzen is already under lockdown. If it spreads, there will certainly be deleterious effects on the Chinese economy and even the global economy. There is no need for major alarm now, but traders need to monitor this closely.

Author: novaliser

I have been trading since 2012, and retired from the corporate world in Dec 2021 after accumulating enough profits to feel comfortable living without a stable monthly income.

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