HomeBusinessChina's zero-Covid has shaken confidence in supply chains

China’s zero-Covid has shaken confidence in supply chains

While Chinese authorities could gradually unwind restrictions in March, zero-Covid policies are starting to hurt global confidence in the country’s industrial supply chains, said Li Daokui, Mansfield Freeman professor of economics at China’s Tsinghua University.

In the short term, supply chains will be largely unaffected since factories are still operating even if consumption is lower due to lockdowns, Li, a former advisor to the People’s Bank of China, said in an extended interview with CNBC’s “Squawk Box Asia” on Wednesday.

“However, the long run impact might be already shaped, that is, the international economic community are thinking twice about the stability of supply chains in China,” he said.

“People used to think that China is the most solid, the most secure, most stable supply source. Now they are thinking to rebuild their own supply backup chains in their own countries or…

Read more at www.cnbc.com

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