Advisory: Be careful of what you read on social media. The algorithms used by these platforms have no regard for Biblical truth. They target your emotions to keep you engaged on their site so their advertisers can drop more ads. These platforms exist to enrich their stockholders. Consider God’s promise to Believers in James 1:5, “If any of you lacks wisdom, you should ask God, who gives generously to all without finding fault, and it will be given to you.”
Financial analysts are concerned that lockdown measures imposed by Shenzhen and Shanghai, two of China’s largest cities and significant ports, could exacerbate global supply chains and inflationary pressures.
From March 14 to 20, Shenzhen’s 17.5 million citizens were subjected to a citywide curfew. Shanghai officials placed a lockdown on the city’s 26 million plus citizens on March 28 with no notice, just a week after Shenzhen was reopened.
Zhang Jinglun, a financial expert based in North America, said in an interview with The Epoch Times on March 30 that Shenzhen and Shanghai are both important port cities in China, and that their closures will inevitably disrupt local production and logistics, as well as worsen the global supply chain crisis.
The pandemic shut down Shenzhen’s Yantian Port for about a month in June of last year, resulting in a backlog of tens of thousands of cargo. Many ships were forced to wait for weeks outside the port, causing significant disruption to the worldwide supply system.
According to a research done by Song Zheng, an economics professor at the Chinese University of Hong Kong, China’s COVID lockdown measures might cost the country at least $46 billion every month, or 0.31 percent of its GDP (GNP). If other Chinese towns join the list of rigorous control measures, the impact will be even greater.
Song’s team looked at roughly 2 million truck location data in China.
Shenzhen appears to be the finest economic result China’s pandemic control can produce. Economic activity in the megacity fell by 34% following the one-week lockout, while truck traffic fell by 20% compared to a regular period.
According to current data, the pandemic-related limitations in Shanghai led local economic activities to plummet by 40% compared to a normal period before the city’s closure on March 28.
The economic activity of Changchun City, Jilin province, dropped by more than 66 percent as a result of the city’s lockdown.
Shenzhen’s logistics and production were severely impacted after the one-week lockdown was lifted on March 21, according to an employee at a local electronics plant who spoke to The Epoch Times. He and his coworkers were not even paid their usual salary, and the manager was unable to respond to their inquiries about when they might be paid.
In fact, prior to the Shenzhen lockdown, some economists cautioned that even a brief lockdown might damage the city’s supply system for several weeks, with long-term consequences once the city returns to normal.
The recent lockdown of China’s two busiest cities, according to Zhang of The Epoch Times, would cause logistical problems and delivery delays, which will undoubtedly intensify inflationary pressures around the world, particularly in the United States.
According to the US Department of Commerce’s Personal Consumption Expenditure Index (PCE), the US price index grew 6.4 percent year over year in February this year, the highest rate since 1982.
China’s manufacturing sector accounts for around a third of the global manufacturing sector.
Shanghai Port is the largest port in the world. It accounts for over 20% of China’s major coastal ports’ international commerce throughput.
Shenzhen, China’s manufacturing, technology, and logistics center, handles about 10% of all container shipments leaving the country. Yantian Port, in the city, is the world’s fourth largest container port and China’s third largest port. Yantian Port handles about a quarter of all seaborne cargo from China to the United States, and 90 percent of China’s electronic products are shipped through the port.
Data study by Interos, a Washington-based operational resilience organization, shows that 206,700 enterprises in the United States rely on suppliers in Shenzhen, Shanghai, and Jilin regions, of which 103,900 companies directly or indirectly source goods from these regions.
Li Songjun, chief researcher at the Institute of Financial and Business Economics, told The Epoch Times after the outbreak of the pandemic in Wuhan in 2020, the global supply chain was severely affected, and many countries around the world began to realize their dependence on China and accelerated their withdrawal from China. However, adjusting the supply chain takes time. Most countries are still heavily reliant on China’s manufacturing industry, based on the current circumstances. That helps to explain why China’s exports are still growing at a rapid pace.
At the same time, as Shenzhen’s lockout was released, congestion at US West Coast ports increased once more. According to data from the online ship-tracking site Marine Traffic, the number of ships calling at the ports of Los Angeles and Long Beach increased to 209 on the morning of March 31 local time.
Zhang evaluated that once Shanghai removed the lockdown on April 5, with production and logistics returning to normal, outbound shipments from Shanghai ports will grow, which will further aggravate the pressure on ports on the U.S. west coast, and the congestion may linger for some time.
There is a correlation that can be made between the Chinese Communist Party and the Centers For Disease Control. And that is the CCP underreports its numbers to hide the fact that there is obvious falsification of statistics used solely as an excuse to exercise the incomprehensible power that they hold over their people. Not long ago there was civil unrest running rampant through China, conveniently enough ‘Zero COVID’ policy seems to have quieted down all dissidents.
As far as the CDC goes, they have to play at a different game; By over-reporting COVID-19 contraction and death statistics, they’re able to coerce citizens into believing that the situation is much more dire than it actually is. Why you might ask? Because we live in a free democratic society that doesn’t require us to cater to our governments every whim. We’re being lied to, it’s as simple as that. Once you come to terms with it, you may have a shot at seeing the next steps being taken by Klaus Schwab and his many neo-communist constituents.
The CCP’s bellicose behavior is at an all time high trending upward, and most people are completely unaware of their crimes against humanity all together. They’re too busy distracting themselves from the despotic globalist elite manufactured society around them. Who knows, perhaps in the coming months Fauci and his constituents will be brought to justice and the truth will prevail. I’d only say that now because the omicron variant being less virulent and more transmissible inevitably means COVID is endemic in the eyes of the government. This still gives politicians and the CDC the ability to wiggle into our lives for the coming years.
One thing is for certain, and it’s that Xi will not stop his human rights violations without direct confrontation. Whoever conducts business with China are either inexcusably misinformed, or are actively showing support for the Chinese regimes crimes against humanity. Hosea 4:6 says: “My people are destroyed for lack of knowledge; because you have rejected knowledge, I reject you from being a priest to me. And since you have forgotten the law of your God, I also will forget your children.” Stay inquisitive in the word of God, and the world around you.
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