November 22, 2024 22:31 (IST)
Follow us:
facebook-white sharing button
twitter-white sharing button
instagram-white sharing button
youtube-white sharing button
Centre to send over 10,000 additional soldiers to violence-hit Manipur amid fresh violence | Chhattisgarh: 10 Maoists killed during encounter with security forces in Sukma | Baba Siddique murder case: Arrested Akashdeep Gill used a labourer's hotspot to evade tracking, say police | Donald Trump picks 'smart and tough' Pam Bondi as new US Attorney General after Matt Gaetz withdraws | Canadian government denies media report that claims PM Modi knew of Khalistani leader Nijjar's killing
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