Economists from Moody’s Analytics said that China’s implementation of the zero-clearing policy may once again hit the supply chain. (Archyde.com file photo)
[Financial Channel/Comprehensive Report]Economists from Moody’s Analytics, an economic research institution, said that China’s strict epidemic clearance policy is the main reason for the continuous chain disconnection problem, adding downside risks to the supply chain that strives to improve.
《CNBC》According to reports, Moody’s Analytics Asia Pacific economist Katrina Ell said that the supply chain bottleneck has been going on for about a year and is expected to ease significantly in the first few months of this year, so it will see producer prices, costs, etc. There is downward pressure.
But Ayer later pointed out that due to China’s zero-clearing policy, coupled with the authorities’ epidemic prevention measures to close important ports and factories, it did increase the problem of chain disconnection and amplify the continuous supply chain pressure.
Since the 2020 Wuhan pneumonia (new coronavirus disease, COVID-19) epidemic, Beijing has implemented a strict zero-clearing policy. Cities and borders have imposed strict quarantines and travel restrictions to control the outbreak.
The restrictions imposed to prevent the spread of the virus have impacted global manufacturing and transportation operations, exacerbating supply chain crises. Concerns have been raised again from all walks of life, and the highly contagious mutant virus Omicron may cause another blow to the shipping industry.
Ayer pointed out that China’s zero policy does add downside risks to the supply chain that seeks to improve, and it will also have some impact on inflation and the direction of central bank policy in the coming months. Ayer also mentioned that the reset policy also means that China’s economic recovery will be more bumpy, especially in terms of consumption.
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