The development comes as companies have been intending to diversify their supply chains from China. Trade tensions between US and China have also sparked concerns among businesses.
Amid the surge in COVID-19 cases and economic crisis in the country, China is stuck in a dilemma as the imposition of the zero-Covid policy is saving people's lives but at the same time, impacting its economy, effectively putting the second largest economy in a "double whammy," Inside Over r
Kathmandu [Nepal], August 22 (ANI): Ahead of the festive season in Nepal, businesses have been badly hit by China's arbitrary closure of borders and imposition of lockdowns in several cities following a surge in Covid-19 cases.
Beijing [China], April 21 (ANI): The Chinese authorities have initiated steps, in order to restore the supply chains and restart economic activity by exempting companies from strict lockdown restrictions, local media reported.