Shanghai Covid Lockdown “will have a global impact on almost every trade”
China Shifts its Focus to Beijing
The Port of Shanghai is the world’s largest port based on cargo throughput and accounts for approximately 20% of China’s exports. Although the port and nearby airports have largely remained open, the slowdown in trucks being unloaded is causing backlog ripples beyond Shanghai. China is also focusing on cases in Beijing where multiple new cases have been reported. The local government has ordered mass testing in 10 out of 17 districts in Beijing.
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