Additional shipping delays, port congestions and logistics under-capacity are expected while transport hub Shanghai remains in lockdown, the Danish company said.

The company's forecasts came as widespread supply chain disruptions and plunging consumer purchasing affected the world’s second-biggest economy

Shanghai residents are turning to NFT marketplaces like the world's largest, OpenSea, where users can mint content and buy or sell it using cryptocurrencies

Major Taiwanese Apple supplier Foxconn said on Wednesday that it is continuing production in China's Zhengzhou, 800km northwest of Shanghai

The worst is over for shop rents, which are likely to increase by at least 10% in some residential areas

China's zero-Covid policy has stirred anger in Shanghai, where millions have been confined indoors for over a month, but the death toll fell to 32 on Sunday

The once-booming electric vehicle market has been hit hard and Nomura Holdings says the country's hardline Covid policy has put the economy on the brink of recession.

Purchasing managers' indices data released on Saturday showed factory and service-sector activity declined for a second straight month in April, it said

Financial markets have been hit hard over the past two weeks on fears that lockdowns in China would cause severe damage to its economy

China's manufacturing PMI may have slipped to 48.0 in April, the lowest since February 2020, and below 49.5 in March, a median forecast of 26 economists showed

There have been many reports of a sharp uptick in leaving queries, but the dynamic-zero policy is in line with pursuing economic progress, a senior health expert said

China's biggest Covid outbreak since Wuhan has raised further scepticism on the country's data. Critics say there is little transparency