China's lockdowns to contain the country's worst covid outbreak since early 2020 have battered the economy, stalling production in major cities like Shanghai, and halting spending by millions of people shut in their homes.
By Bloomberg News (Bloomberg) — China’s imports unexpectedly fell in March and export growth slowed, with Covid lockdowns disrupting port operations and curbing business activity and spending. Imports fell 0.1%.
Many Chinese property stocks were suspended from trading as of April 1 as part of a wave of Hong Kong-listed companies missing the deadline to submit annual financial reports.