Saturday, November 26, 2022

China’s industry is shrinking – and this is also affecting Switzerland

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China’s metropolises are in lockdown – Shanghai has been around for seven weeks! Beijing is also on the back burner. The government of Xi Jinping (68) is pursuing a zero-Covid policy – so there should be no Covid infections, otherwise tough measures will be taken.

This is poison for the economy! Industrial production collapses massively. Retail sales also fell more sharply than analysts had predicted, by a good 11 percent. According to experts, the figures indicate that the downturn this year will be stronger than expected.

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