China’s outbreak rebound poses new threat to global trade

5,000 new cases of Covid-19 were recorded in China on Tuesday March 15. “There has clearly been an outbreak since the beginning of the month, and in the country which practices a zero Covid policy, this means confinement, cities under bell jars, schools and factories closed”reports journalist Arnauld Miguet, correspondent for France Télévisions in China.

In Shenzhen (China), a city of advanced technology, which has 17 million inhabitants, the factories subcontracted by Apple are stopped. Elsewhere in the country, car factories are closed. “China was expecting 5.5% growth for this year, but according to some calculations by economists, a week of confinement in these industrial regions can cost between 0.5 and 1 point of growth”reports the journalist, who predicts “repercussions in Europe and around the world”.