China Is Battling With Protest And COVID-19 Together

It has been almost three years since the coronavirus affected the world. China is still facing intermittent lockdowns that disturb supply chains and rules that have made the country uninviting to international staff. The last year has been particularly painful as the rest of the world resumed its activities and learned to live alongside the virus. 

“In my 12 years in China, I have never seen social and economic disruption levels. The extraordinary civil unrest occurring at the moment is all due to zero-Covid fatigue,” said the British Chambers of Commerce’s Managing Director Steven Lynch. 

He added, “This is the lowest level of sentiment we’ve ever experienced, certainly for British businesses.”

Protest and political instability are not good for the business as they impact growth and development together. Recently, China has recorded about 40,000 new cases, and the authorities are determined to stamp out the infections, according to President Xi Jinping. That means more disruption to manufacturing, services, and normal consumer behaviour. 

The vaccination drive continues in the country to halt the spread of infection. On Tuesday, the European Chamber of Commerce in China, representing more than 1,700 members across the country, called for a vaccination campaign to provide vaccination to the entire population and to ease current virus control measures. 

Also Read: Over 20,000 employees Left China Apple’s Supplier Foxconn

How did this protest impact the China market?

Amid the protest and COVID-19 restrictions, many companies still want to keep business in China’s vast market, even when the COVID-19 measures have made international operations harder. 

“Many companies are doing very well despite the headwinds. Look at Starbucks, Nike, and Mercedes,” Frank Lavin, said the former US under-secretary of commerce for international trade. 

The country is growing in various sectors, including cars, clothes, luxury goods, and electronics.  The citizens have become healthier, and manufacturing hubs in China are also doing well with relatively cheap labour and established supply chains.

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