6 min read.Updated: 26 Aug 2022, 02:16 PM ISTRishi Joshi
Lockdowns in China are worsening global supply chain bottlenecks. Meanwhile, India has seen a sharp drop in exports to China.
Much of it is self-inflicted. The Chinese economy has slowed to a crawl, growing at just about 0.4% in the second quarter, as a zero-covid policy has begun to hurt. A crackdown on real estate speculation has further aggravated the economic crisis. It impacts global inflation in a complex form–prices of manufactured goods will rise while pressure on commodity prices will ease.
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