November 05, 2024 13:21 (IST)
Follow us:
facebook-white sharing button
twitter-white sharing button
instagram-white sharing button
youtube-white sharing button
Pakistan's Lahore has become world's most polluted city with an AQI of 1900 on Sunday | Indian Army 'successfully completes' patrolling to a key point in Ladakh's Depsang region | US presidential election: Donald Trump ahead of Kamala Harris in swing states, poll survey predicts | 'I strongly condemn Hindu temple attack, intimidation of our diplomats': PM Modi amid Canada row | 'I strongly condemn Hindu temple attack, intimidation of our diplomats': PM Modi amid Canada row
China's COVID-19 surge affecting factories and consumer market
China Covid19
File image by Mx. Granger via Wikimedia Commons

China's COVID-19 surge affecting factories and consumer market

| @indiablooms | 27 Dec 2022, 07:50 pm

Beijing: China's COVID-19 surge is troubling the economic state of the country, media reports said on Tuesday.

Since the world’s second largest economy drastically eased its Covid restrictions earlier this month, there has been no clear data on the extent of the virus’ spread on the national level. But several cities and provinces have said they were seeing tens of thousands of new cases per day, reports CNN.

The surge in cases has forced people to remain indoors.

The shops and restaurants have remained emptied over the past few days.

Factories and companies are also forced to shut down or cut production because of more workers getting sick, reports CNN.

“The number of people on the streets has dropped off sharply from already subdued levels across the country,” analysts were quoted as saying by CNN from Capital Economics in a research note last week. “That will be affecting demand.”

Support Our Journalism

We cannot do without you.. your contribution supports unbiased journalism

IBNS is not driven by any ism- not wokeism, not racism, not skewed secularism, not hyper right-wing or left liberal ideals, nor by any hardline religious beliefs or hyper nationalism. We want to serve you good old objective news, as they are. We do not judge or preach. We let people decide for themselves. We only try to present factual and well-sourced news.

Support objective journalism for a small contribution.
Related Images
Xi Jinping, Putin in Russia 22 Mar 2023, 02:56 pm
Related Videos