Like being forced to watch a rerun of a movie you never liked in the first place, China is back to closing major cities around the country as a new round of COVID infections has emerged. China continues to maintain a “zero-COVID” policy of government-ordered aggressive measures designed to stamp out any new outbursts of coronavirus infections. But the impact of this policy is disastrous to the local and global economies – threatening to snuff out the recent signs of a recovery in the supply chain.
