Chinese anti-virus lockdowns add to concerns over economy
ABC News
China’s lockdowns of big cities to fight coronavirus outbreaks are prompting concerns about more disruptions for the economy after two makers of processor chips said their factories were affected
BEIJING -- China’s lockdowns of big cities to fight coronavirus outbreaks are prompting concern about more disruptions to global industries after two makers of processor chips said their factories were affected.
That has added to unease about the omicron variant's global economic impact. Analysts warn Vietnam, Thailand and other countries important to manufacturing chains might impose anti-disease measures that would delay deliveries.
“Lockdowns in China are already causing disruptions,” economists at Nomura said in a report Friday.
The Chinese economy already was cooling under pressure from unrelated official efforts to force real estate developers and other companies to reduce surging debt that has fueled China's boom over the past two decades.
