Business Standard

China in danger of exporting fresh inflation turmoil, shows survey

China's Covid-zero strategy is set to stay in place for the rest of the year, intensifying the world's supply-chain woes and challenging efforts by central bankers to rein in inflation

A worker wearing personal protective equipment sprays disinfectant next to people lining up to get tested at a makeshift nucleic acid testing site amid the coronavirus disease outbreak in Beijing (Photo: Reuters)
Premium

A worker wearing personal protective equipment sprays disinfectant next to people lining up to get tested at a makeshift nucleic acid testing site amid the coronavirus disease outbreak in Beijing (Photo: Reuters)

Benjamin Purvis and Ye Xie | Bloomberg
China’s Covid-zero strategy is set to stay in place for the rest of the year, intensifying the world’s supply-chain woes and challenging efforts by central bankers to rein in inflation that’s running at multi-decade highs.
 
That’s the takeaway from the latest MLIV Pulse survey, with a majority of 540 participants projecting Beijing will stand firm on the severe lockdown polices that have disrupted the supply of everything from Adidas sneakers and Rolls-Royce cars to Nvidia computer chips. 

With millions of Chinese residents holed up in their homes, the world’s second-largest economy is at risk like never before. It’s no wonder

Don't miss the most important news and views of the day. Get them on our Telegram channel

First Published: May 30 2022 | 7:23 AM IST

Explore News

To read the full story, subscribe to BS Premium now, at just Rs 249/ month.

Key stories on business-standard.com are available only to BS Premium subscribers.

Register to read more on Business-Standard.com