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Power cuts and inflation, zero-COVID hobbling tourism

The coming week may shine a light on the global impact of China’s power shortages. There are reports of them triggering sharp falls in shipping costs. The producer price data on Thursday will show whether they are yet affecting the prices of consumer durables. Meanwhile, the National Day holiday was a disappointing one for many in the tourism sector. There’s unlikely to be any major improvement as long as China’s goal remains zero-COVID.

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