The double-barreled crisis of Chinese cities on coronavirus lockdown and millions, or billions, in losses due to the war in Ukraine is a stark reminder of China's outsized importance to multinational corporations. | Analysis
International brands are revealing the damage to their bottom lines from China's "zero Covid" policy, where tens of millions of people remain in lockdown and almost every major business has been disrupted.
In recent weeks, dozens of mainland Chinese cities, including the financial hub of Shanghai, have been locked down as authorities work to stamp out the coronavirus. For industries ranging from Big Tech to consumer goods, that's destroying both supply and demand — and giving executives another major headache.Many companies had just run up millions, or billions, of dollars in losses due to the war in Ukraine, which led to a massive — and costly — corporate exodus from Russia.
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China readies Tianzhou 4 cargo ship for launch to Tiangong space station (photos)Tariq is the Editor-in-Chief of Space.com and joined the team in 2001, first as an intern and staff writer, and later as an editor. He covers human spaceflight, exploration and space science, as well as skywatching and entertainment. He became Space.com's Managing Editor in 2009 and Editor-in-Chief in 2019. Before joining Space.com, Tariq was a staff reporter for The Los Angeles Times covering education and city beats in La Habra, Fullerton and Huntington Beach. He is also an Eagle Scout (yes, he has the Space Exploration merit badge) and went to Space Camp four times as a kid and a fifth time as an adult. He has journalism degrees from the University of Southern California and New York University. To see his latest project, you can follow Tariq on Twitter.
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