Varney on China lockdowns: The world’s supply chain is 'threatened'
Stuart Varney on China lockdowns: The world’s supply chain is ‘threatened’
FOX Business host Stuart Varney argues ‘China’s developing crisis should be on our radar.’
In his latest "My Take," "Varney & Co." host Stuart Varney discusses China's COVID lockdowns as it could impact the global economy, arguing the most important part of the "whole world's supply chain" is "threatened."
STUART VARNEY: Ignore China's COVID lockdowns at your peril! The ripples are going to hit us hard.
Here's the latest: Twenty-six thousand new cases in Shanghai. Twenty-six million residents still under lockdown. They can't go outside. China's social media is full of videos showing people on their balconies screaming for food and medical supplies.
Gungzhou is a megalopolis and a major manufacturing center has closed its schools. Some factories have closed. Residents can't leave the city.
CHINA'S INFLATION TOPS FORECASTS AS SUPPLY PRESSURES WORSEN
You see where this is going – the supply chain – it’s threatened, and this is the most important part of the whole world's supply chain.
If their products don't arrive, all kinds of things don't get built.