There’s arguably never a good time for the COVID-19 pandemic to make a comeback but the surging cases in China over the weekend come at a moment when the global economy could do without another layer of stress to its already stretched supply chains. This morning, Chinese stocks fell as domestic COVID-19 cases jumped to a two-year high, prompting Beijing’s technology and financial hubs to impose restrictions. How severe the outbreak will prove and how much pain it will bring to the global economy is anyone’s guess, but the economic fallout of Russia’s invasion of Ukraine is already taking a heavy toll. Taiwanese chipmaker Foxconn confirmed on Monday it has halted work at the company’s factories in the Chinese city of Shenzhen due to a recently implemented total coronavirus-related lockdown. The restrictions are set to last for six days, and are expected to prompt worldwide disruptions to supply chains due to Shenzhen hosting over 30 Taiwanese tech companies. Hong Kong’s Hang Seng plunged more than 5% or 1,000 points on Monday following the news of restrictions. NN: As usual the world is sleeping. China is experiencing the next wave… As I warned the 5th wave is coming to the undervaccinated near you. China and Hong Kong confirm my worst fears lockdowns are here again. Get your booster shot do not be a fool. It ain’t over… And as far as the RNA vaccine makers making billions… SO! They have saved countless lives. And sure they will make billions more on the boosters… SO!