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Sinocism with the note.
The Covid news just gets grimmer. Cases continue to rise in Beijing, Chengdu and Shenyang are now rolling out mass testing, and Zhengzhou has started five days of “fluid management” for its central district, a Covid control term that appears to be a euphemism for “lockdown”.
Apple’s excessive reliance on the PRC for its supply chain is in brutal focus today as workers at a massive Foxconn facility in Zhengzhou have been protesting and engaged in clashes with security personnel.
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About the author
David Llewellyn-Smith is Chief Strategist at the MB Fund and MB Super. David is the founding publisher and editor of MacroBusiness and was the founding publisher and global economy editor of The Diplomat, the Asia Pacific's leading geo-politics and economics portal.
He is also a former gold trader and economic commentator at The Sydney Morning Herald, The Age, the ABC and Business Spectator. He is the co-author of The Great Crash of 2008 with Ross Garnaut and was the editor of the second Garnaut Climate Change Review.