Here’s How China’s Lockdowns Are Rippling Through Economy
- LNG purchases fall as prices soar and Chinese demand stalls
- Excavator sales plunge 64%, home sales continue to drop
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China’s lockdowns to contain the country’s worst Covid outbreak since early 2020 have battered the economy, stalling production in major cities like Shanghai, and halting spending by millions of people shut in their homes.
The restrictions are intended to eradicate any trace of the virus in the community, but they’ve also pressured everything from manufacturing and trade to inflation and food prices.