Activity in China’s services sector tumbled in March at its fastest pace since the onset of the Covid-19 pandemic, as lockdowns aimed at smothering outbreaks in major cities kept millions at home and pummeled consumer spending
Activity has dropped as authorities have locked down major cities in an effort to stamp out the largest Covid-19 outbreak in two years
Barricades, panic buying and empty streets are some scenes from Shanghai as China’s most populous city imposed a new lockdown. Offices and factories – including Tesla’s – were affected by China’s measures against its worst virus outbreak in two years.
as authorities wrestle with China’s worst Covid-19 outbreak in two years. Cases have triggered lockdowns in parts of the country as distant as the southern technology hub of Shenzhen and the northeastern industrial province of Jilin.
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