China’s COVID-19 zero-tolerance approach has locked down one city after another, hence workers of the “world’s factory” are blocked at home and can’t get to work, trucks can’t ship non-pandemic-related goods, and ports can’t take care of ships. “Lockdowns in China are already causing disruptions [in global supply chain],” economists at Japanese financial holding company Nomura said in a report on Jan. 7. As a manufacturer for the global market, China imports raw materials from all around the world and exports labor intensive products. In 2021, over 22 percent of global trade was shipped into or out of China. China’s trade in 2021 was 39.1 trillion yuan ($6.185 trillion). Statista reported data from the United Nations Statistics Division in May 2021: “China accounted for 28.7 percent of global manufacturing output in 2019.” No Production The lockdown and quarantine policies launched by the Chinese regime in the cities that announced COVID-19 outbreaks have …
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