‘Companies are beginning to panic’: Experts say China’s lockdowns will make inflation and the supply chain nightmare even worse

‘Companies are beginning to panic’: Experts say China’s lockdowns will make inflation and the supply chain nightmare even worse

China’s strict COVID-19 lockdowns will exacerbate global supply chain woes and add to inflation in the coming months, experts say.

President Xi Jinping’s zero-COVID policy is being tested as the country struggles to tame its worst virus outbreak yet. Frustration is rising over food shortages, people being locked down in their homes for weeks, and a policy of killing pet dogs suspected of being infected with COVID.

While China’s tech hub Shenzhen has emerged from its nearly month-long lockdown, China’s biggest city, Shanghai, home to the world’s largest container port, has remained shuttered since March 28.