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 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