#Shanghai eases its months-long #lockdown. But more than 2 million people are still confined to their homes. For those who can leave the house, getting tested for COVID-19 is the new normal.

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Despite China's lifting of #Lockdown restrictions in many cities, the country’s service industries are still feeling shutdown impacts.

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#Pandemic #Covid19
Key Indicator Shows #China’s #Economy Set For Further Slump

//Just when you thought China might be back on track, a key economic indicators suggests the opposite is coming down the pike.

Recently the price of iron-ore slumped, indicating that demand for this key ingredient in steel making is slipping as well. Recently one metric ton of the or would fetch $116, down more than 25% from almost $160 in early March, according to data from TradingEconomics. That’s quite a tumble.

That matters because steel has long been the lifeblood of that country’s economy....

What’s shocking here is that while China is in midst of undoing some of its recent COVID-19-related lockdowns that brought vast swathes of the communist country to an economic standstill. If those locked-down cities were now getting back to work, then why aren’t we seeing signs of an industrial resurgence?

So far, that’s not clear. If things were getting back to any form of normal then we should see demand for iron-ore creep up and along with it the prices of the mineral should rally.

Investors in Chinese stocks or even those listed in Hong Kong should remain cautious until we see evidence of a real recovery.//

Source: Forbes #Jun27

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#Iron #IronOre #Lockdown #FinancialDownturn

#Tesla is feeling the pain, stemming from its operations in #China. Its factories there have easy access to the world’s biggest car market, but sales have taken a major hit amid local #lockdown orders.

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An #American singer tells us how she escaped #Shanghai’s #lockdown after witnessing suicide, protests, and being forced out of her home.

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Over a month after fleeing #Shanghai under lockdown, singer #MickiMurphy says she still has nightmares about it. She told us what she experienced while under #Lockdown, and how she escaped.

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#China announces its first case of a #COVID19 subvariant in #Shanghai. Heavy restrictions are coming back to the city, while locals fear going back under #lockdown.

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Showing the power of the government for the poor people to establish quarantine and lockdown
#China #Vaccine #VaccineSideEffects #VaccineInjured #Covid19 #CovidTest #CrimesAgainstHumanity #lockdown #Quarantine #Military #Tank #Xijinping #Xijingping
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These Chinese citizens, who lining up to take their daily mandatory Covid test at midnight, are witnessing Chinese military tanks rolling into town to enforce lockdown...
#China #Vaccine #VaccineSideEffects #VaccineInjured #Covid19 #CovidTest #CrimesAgainstHumanity #lockdown
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