China lockdown: What do zero-Covid policies mean for UK prices?

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China lockdown: What do zero-Covid policies mean for UK prices?
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What does China's zero-Covid policy mean for UK prices?

This is not just about delays to exports - it is also because China needs to import key materials in order to produce the semi-conductors in these devices.

Joris Teer, from The Hague Centre for Strategic Studies, says retailers in the UK might be able to temporarily resist any price increases, but that if costs in China keep rising then consumers will eventually have to pay more.The UK doesn't buy many cars directly from China but does buy a lot from the EU, with the bloc accounting for more than 80% of UK vehicle imports in 2020.

In March, the prices for some of the most popular cars in the UK were already as much as 26% higher compared with three years ago, A spokesperson for Primark told the BBC that "to date, we have managed to keep any disruption resulting from the lockdown in Shanghai to a minimum".

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