China’s rigid lockdowns to enforce its zero-Covid policy are worsening logistics troubles for US companies and threatening to disrupt businesses, the Wall Street Journal reported.
Companies such as Apple say revenues are likely to decline by up to $8 billion in the second quarter in the wake of strict curbs in Shanghai and other places, while others such as industrial goods maker Honeywell said production at their plants in China is down by half, the report said.
Read the full report: The Wall Street Journal.
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