Published: January 26th, 2022,
Last updated: January 26th, 2022
Wherever Omicron spreads, severe consequences for global supply chains follow. This is what Wan-Hsin Liu from IfW Kiel explains in today’s interview with Finn Mayer-Kuckuk. The situation will become especially dire if the highly contagious virus variant were to actually gain a foothold in China. Almost two-thirds of the world’s intermediates now come from the People’s Republic, the economist said. Lockdowns are already happening so abruptly that companies can’t possibly prepare for them. For the Communist Party, the balancing act between growth and virus containment is critical to its survival. If one fails, the country’s political stability is at risk.