11/30/2022, 3:46 PM (Source: TeleTrader)
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COVID lockdowns in China pose risk to global economy - US

United States Treasury Secretary Janet Yellen (pictured) stated on Wednesday that the strict zero-COVID Chinese policy could endanger the global economy.

"The harsh COVID lockdowns in mainland China are a risk to the global economy," said the secretary speaking at The New York Times's DealBook Summit, while adding that the zero-Covid policy is a threat to healing "supply chain difficulties."

Yellen's remarks come after several days of demonstrations in China due to the critical situation. Nevertheless, the Chinese city of Guangzhou will temporarily lift COVID-19 restrictions and relax control in six districts, as informed by local authorities earlier today.

Baha Breaking News (BBN) / JG