Zürcher Nachrichten - US envoy sees China lockdowns extending into 2023

EUR -
AED 4.316068
AFN 75.78368
ALL 95.590345
AMD 433.921011
ANG 2.103199
AOA 1078.693153
ARS 1639.785212
AUD 1.624081
AWG 2.115085
AZN 1.998447
BAM 1.953692
BBD 2.367425
BDT 144.224377
BGN 1.960098
BHD 0.443342
BIF 3496.940129
BMD 1.175047
BND 1.48805
BOB 8.122098
BRL 5.804148
BSD 1.175422
BTN 110.788156
BWP 15.737751
BYN 3.321717
BYR 23030.922895
BZD 2.364009
CAD 1.602171
CDF 2720.234209
CHF 0.915114
CLF 0.026583
CLP 1046.250228
CNY 7.992494
CNH 7.994215
COP 4395.921653
CRC 539.208999
CUC 1.175047
CUP 31.138748
CVE 110.718804
CZK 24.309497
DJF 208.829292
DKK 7.472536
DOP 69.974145
DZD 155.20245
EGP 61.946583
ERN 17.625706
ETB 184.837228
FJD 2.569065
FKP 0.864214
GBP 0.865099
GEL 3.14908
GGP 0.864214
GHS 13.242649
GIP 0.864214
GMD 85.778323
GNF 10313.979512
GTQ 8.975086
GYD 245.920458
HKD 9.203498
HNL 31.268177
HRK 7.538985
HTG 153.949298
HUF 356.459886
IDR 20367.502417
ILS 3.409229
IMP 0.864214
INR 110.911284
IQD 1539.311683
IRR 1542719.319578
ISK 143.802053
JEP 0.864214
JMD 185.140228
JOD 0.833171
JPY 184.059961
KES 151.757262
KGS 102.723202
KHR 4714.873056
KMF 492.344575
KPW 1057.555194
KRW 1710.72734
KWD 0.361773
KYD 0.979526
KZT 544.33643
LAK 25792.283247
LBP 105225.46686
LKR 378.490323
LRD 215.562468
LSL 19.235691
LTL 3.469608
LVL 0.710774
LYD 7.437674
MAD 10.742863
MDL 20.222835
MGA 4894.071095
MKD 61.679754
MMK 2467.412574
MNT 4207.19177
MOP 9.480809
MRU 46.925498
MUR 54.88696
MVR 18.1603
MWK 2046.931705
MXN 20.277164
MYR 4.59457
MZN 75.083217
NAD 19.235747
NGN 1598.816408
NIO 43.130063
NOK 10.920412
NPR 177.26371
NZD 1.972799
OMR 0.451806
PAB 1.175412
PEN 4.062727
PGK 5.099342
PHP 71.029227
PKR 327.365667
PLN 4.227866
PYG 7194.237187
QAR 4.280702
RON 5.263274
RSD 117.383642
RUB 87.720656
RWF 1716.15627
SAR 4.436151
SBD 9.438281
SCR 16.52231
SDG 705.619296
SEK 10.86037
SGD 1.48966
SHP 0.877291
SLE 28.907303
SLL 24640.145375
SOS 671.539675
SRD 43.983217
STD 24321.10228
STN 24.999127
SVC 10.284902
SYP 129.899463
SZL 19.235297
THB 37.88334
TJS 10.984361
TMT 4.124415
TND 3.371797
TOP 2.829232
TRY 53.167497
TTD 7.951285
TWD 36.887663
TZS 3052.181577
UAH 51.470562
UGX 4396.218926
USD 1.175047
UYU 46.999286
UZS 14247.445607
VES 583.06901
VND 30915.488845
VUV 138.765659
WST 3.186155
XAF 655.238824
XAG 0.014727
XAU 0.000249
XCD 3.175623
XCG 2.118351
XDR 0.815968
XOF 653.912644
XPF 119.331742
YER 280.367229
ZAR 19.270304
ZMK 10576.837589
ZMW 22.391458
ZWL 378.364682
  • RBGPF

    0.0000

    63.18

    0%

  • CMSC

    -0.0300

    22.97

    -0.13%

  • RYCEF

    -0.0500

    17.45

    -0.29%

  • RIO

    -2.1550

    103.355

    -2.09%

  • RELX

    -1.5250

    34.225

    -4.46%

  • BTI

    -1.3500

    58.21

    -2.32%

  • CMSD

    0.0000

    23.42

    0%

  • BCC

    -0.4850

    73.755

    -0.66%

  • JRI

    -0.0050

    13.165

    -0.04%

  • BCE

    0.4000

    24.63

    +1.62%

  • NGG

    -1.7900

    86.06

    -2.08%

  • GSK

    0.0650

    50.595

    +0.13%

  • VOD

    -0.4100

    15.72

    -2.61%

  • BP

    -0.6950

    43.935

    -1.58%

  • AZN

    -2.2050

    182.715

    -1.21%

US envoy sees China lockdowns extending into 2023
US envoy sees China lockdowns extending into 2023 / Photo: Hector RETAMAL - AFP

US envoy sees China lockdowns extending into 2023

China is likely to keep imposing sweeping lockdowns into 2023, the US ambassador said Thursday, as he cautioned that the zero-Covid strategy was hurting business.

Text size:

"I think we are going to have to live with this for a long time. My own assumption is that we'll see the continuation of zero-Covid probably into the beginning of 2023," Ambassador Nicholas Burns told the Brookings Institution.

Burns, speaking to the Washington think tank by video link from Beijing, said that the lockdowns were disrupting supply chains and making foreign businesses wait before considering further investment.

"This is just too important a market for countries to leave, so we don't see a lot of companies leaving lock, stock and barrel," Burns said.

But from his conversations with US businesses, Burns said, "I think there is a lot of hesitancy to invest in future obligations until they see the end of this."

The American Chamber of Commerce in Shanghai in a recent survey said that one quarter of US firms were scaling back investment plans and nearly all were dropping revenue forecasts after the lockdown in the business hub.

Covid-19 was first detected in the final days of 2019 in the Chinese metropolis of Wuhan, which saw rare public displays of anger over the government's failure to stop its spread.

Beijing has since vowed to defeat the global pandemic and is the only major economy trying to prevent any cases, imposing mass testing requirements and forcing millions of people at a time to stay at home.

Burns said that the lockdowns also impeded diplomacy with China, whose relationship with the United States he recently described as falling to the lowest point since the establishment of ties a half-century ago.

"It's difficult to convince any of my colleagues in Washington to come here if I tell them that if they do it they've got to quarantine for 14 days before they can have a single meeting," he said.

L.Muratori--NZN