3 reasons Shanghai’s lockdown matters to the global economy ...Egypt

Hong Kong (CNN Business) – China is struggling to contain an outbreak of Covid-19 in Shanghai despite a 17-day lockdown that is keeping most of its 25 million residents trapped at home. Located on the east coast of China, Shanghai is the country’s biggest and most affluent city and one of the largest metropolises in the world. Together with the neighboring city of Kunshan — which locked down earlier this month — it plays an outsized role in the global economy. With no sign that the Chinese government is prepared to ease restrictions soon, concern is mounting about the economic damage they are causing, and the shock waves an extended lockdown will send around the world. Shanghai is the epicen

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