China’s Lockdowns Are Destroying Its Economy

China’s Lockdowns Are Destroying Its Economy
A nearly-empty road during a lockdown due to COVID-19 in Shanghai, China, on May 5, 2022. Source: Bloomberg
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Commentary
Not one vehicle was sold in Shanghai in April, according to the Shanghai Automobile Sales Association on May 16. This is a direct result of lockdowns in which citizens no longer need their cars—and can’t afford them anyway.
Anders Corr
Anders Corr
Author
Anders Corr has a bachelor’s/master’s in political science from Yale University (2001) and a doctorate in government from Harvard University (2008). He is a principal at Corr Analytics Inc. and publisher of the Journal of Political Risk, and has conducted extensive research in North America, Europe, and Asia. His latest books are “The Concentration of Power: Institutionalization, Hierarchy, and Hegemony” (2021) and “Great Powers, Grand Strategies: the New Game in the South China Sea” (2018).
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