News Snapshot:
A number of lockdown measures have been implemented in China as the country continues to maintain a policy of zero-Covid, despite the significantly increased transmissibility of the Omicron variant. Analysts thought it unlikely that the policy would change with there being less than a month until the Beijing Winter Olympics, along with the Chinese New Year, when there is a large amount of internal travel. The port of Ningbo-Zhoushan is seeing a build-up of a container backlog because less than 25% of registered lorry drivers have the necessary new paperwork to go in and out of the three terminals at...
