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News Analysis China’s COVID lockdowns are grinding the country’s manufacturing to a halt and alarming global business leaders who depend on the country for parts and manufacturing. The CEO of Mercedes Benz, Ola Kallenius, told Bloomberg on April 29 that “new lockdowns in China, in Shanghai but also in other places in China affects the business and also the supply-chains in China but also globally.” A senior executive from an international supplier that manufactures in China, India, and Vietnam warned in a South China Morning Post article on the same day that lockdowns in Beijing are making China less competitive for companies that have a choice and are constantly comparing business locations on metrics of stability, labor cost, and logistics. ...

Source: https://www.theepochtimes.com/china-loc ... 36531.html