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Thursday, 17 March 2022

While the world’s attention was averted by war in Ukraine, China has entered an economic spiral with tanking stocks, new COVID spread

 [Natural News]: There is a new war on the outskirts of eastern Europe following Russia’s punishing invasion of Ukraine. There is a worsening global supply chain crisis. There will be food shortages thanks to the war in Europe’s “breadbasket.” Oil and gas prices have skyrocketed after a year’s worth of rises. Inflation in the U.S. and throughout the West is as high as its been in 40 years. And more Americans are once again living paycheck to paycheck thanks to the most incompetent president and administration in decades.

That said, then, it’s easy to forget about China these days, which is also undergoing a series of crises that will further plunge the world into economic turmoil and societal chaos.

While the world wasn’t looking, China began experiencing the worst new outbreak of COVID-19 since the original strain ‘escaped’ a lab in Wuhan. The National Health Commission reports that cases are surging in 16 provinces as well as the four mega-cities of Beijing, Tianjin, Shanghai and Chongqing.

As such, the Chinese Communist Party moved to shut down Shenzhen, a city of around 17.5 million people known as China’s “Silicon Valley.” Every business save for those that supply fuel, food and other basic necessities was ordered to either close or have their staff work from home. And that includes Apple’s Chinese slaves who work at Foxconn (good luck on getting that new iPhone anytime soon).

What also makes Shenzhen notable: It is home to the fourth-largest seaport in the world. So now, with a new lockdown that is expected to last at least and week and probably longer, you should expect a new round of disruptions to the global shipping and supply chain crisis — just in time for similar disruptions at Ukrainian and Russian ports thanks to the war there....<<<Read More>>>...