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Struggles in Shanghai
Shanghai’s COVID lockdown is putting China’s economic growth, and the country’s energy and commodities markets, to the test—and threatens to prolong global supply-chain disruptions.
Coronavirus cases in China’s largest city surged beyond 26,000 today, marking another record high and making it unlikely that Shanghai’s strict mobility limits on its 25 million residents will be lifted anytime soon. Keeping civilians in isolation, disrupting transportation and logistics, and limiting access to essential supplies in the city itself, the stringent restrictions in Shanghai pose serious threats to output in China and worldwide.
China’s low-tolerance for the pandemic has continued to weigh on consumer…