When any restrictions related to COVID-19 have basically ceased to apply in Poland, there is a fierce fight against infections in China. At Business Insider Polska, we warned that therefore, the specter of price increases and a shortage of goods returns.
On Friday, Shanghai officials made an announcement extension and additional tightening over three weeks of strict covid lockdown, the Reuters news agency reported. Not only that, the Wall Street Journal reported that Chinese authorities were censoring reports from the city.
All of this has an impact on Europe, notes Deutsche Welle. “The supply bottlenecks will now also be felt in Germany“- Maximilian Butek, a representative of German business in Shanghai, told DPA on Friday. According to DW, experts estimate that the volume of exports from the world’s largest port has dropped dramatically.”
“Many companies have been unable to remove their goods from the country for over three weeks. The shortage of supplies from China will have a further negative impact on the already high inflation in Germany “- emphasized Maximilian Butek.
