CNBC Investing Club What Cramer is watching Tuesday — measuring the impact of China’s lockdowns
2 years ago
12
Hong Kong (CNN Business)Factories shut down, new model launches delayed and sales plunging. China's huge car market has been thrown into disarray by the country's latest Covid surge, with stringent lockdowns across several cities hitting vehicle production.
China's worst Covid outbreak in two years has prompted authorities to ramp up the country's zero-Covid policy, locking down several major cities and tens of millions of people.
The strict lockdown measures in places such as Shanghai and Jilin province have forced automakers to shut down manufacturing and risk delayed shipments at a time when global demand for vehicles is strong.
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