Analysts are ringing warning bells, but say investors aren't properly assessing how serious the global economic fallout might be from China's prolonged isolation orders.
New York Nearly 400 million people across 45 cities in China are under full or partial lockdown as part of China's strict zero-Covid policy. Together they represent 40%, or $7.2 trillion, of annual gross domestic product for the world's second-largest economy, according to data from Nomura Holdings.
Analysts are ringing warning bells, but say investors aren't properly assessing how serious the global economic fallout might be from these prolonged isolation orders. "Global markets may still underestimate the impact, because much attention remains focused on the Russian-Ukraine conflict and US Federal Reserve rate hikes," Lu Ting, Nomura's chief China economist and colleagues wrote in a note last week.
Brasil Últimas Notícias, Brasil Manchetes
Similar News:Você também pode ler notícias semelhantes a esta que coletamos de outras fontes de notícias.
Biden can’t keep China out of ‘Made in America’'Made in America' very often includes a nod to China in a failure of the Biden administration.
Consulte Mais informação »
2024 Chevrolet Crossover Coupe Spied In America Appears Undisguised In China | CarscoopsNamed Chevrolet Seeker in China, the compact model is larger than the Tracker but smaller than the Blazer
Consulte Mais informação »
China data to show sharp March deterioration as COVID bites, but solid Q1 growthChina is expected to report a sharp deterioration in economic activity in March as COVID-19 outbreaks and lockdowns hit consumers and factories, although first-quarter growth may have perked up due to a strong start early in the year.
Consulte Mais informação »
‘An undebatable political decision’: Why China refuses to end its harsh lockdownsAlthough China’s public health experts have worked quietly on steps toward co-existing with SARSCoV2, President Xi Jinping reiterated that the country must persist with its “zero COVID” strategy and harsh lockdowns.
Consulte Mais informação »
US lawmakers affirm Japan alliance eyeing China, North KoreaJapanese Prime Minister Fumio Kishida and visiting U.S. lawmakers have reaffirmed their commitment to working together under a longstanding alliance at a time of heightened global tensions and threats from China and North Korea.
Consulte Mais informação »