Also, why Dalio says we’re entering a period of stagflation.

Because of COVID-19 restrictions, a critical Shanghai plant that produces the dye has been operating at reduced capacity for weeks.

Dozens of cities are under lockdown or COVID-19 restrictions, and that is affecting businesses across China.

“What we’ve seen is consistent cargo flow,” says Gene Seroka, executive director of the Port of Los Angeles.

As one region after another locks down, companies struggle and delays hinder the production and transportation of goods.

Shanghai is allowing a small number of firms to resume operations. In a heavily locked-down environment, many of them are finding it’s not that easy.

After a pandemic, trade war and rising wages, many manufacturers have been looking for other options outside of China.

Restrictions on exports like fertilizer and steel have major economic ramifications for trading partners.

COVID cases still number about 18,000 per day, and many people have had to make sacrifices.

China’s first-quarter economic data is not likely to be rosy, given the fallout of the Ukraine war and the current COVID surge.