China: Businesses shut as officials widen Covid lockdowns
Toyota, Volkswagen and Apple supplier Foxconn are among firms halting their operations. …
Analysts believe that firms would be able to manage the disruptions. “Such lockdowns have happened before, and (cities) have re-opened within a short period of time once the number of Covid cases were within control,” Yeang Cheng Ling, senior investment strategist at Singapore’s DBS Bank, told the BBC.
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