Fears of Yet More Inflation Hound Markets as China Tackles Covid
- Lockdowns in second-largest economy stir supply-chain crisis
- SocGen says strict China Covid-zero policy is causing ‘stress’
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China’s Covid crisis is giving fresh impetus to the worries about inflation that have dogged global markets this year.
The nation’s preference for lockdowns risks worsening already severe supply-chain snarls that have fanned price pressures worldwide, according to Frank Benzimra, head of Asia equity strategy at Societe Generale SA.