The public in China is taking to the streets to protest against lockdowns due to Covid restrictions in China. People of China are frustrated with the lockdown policy, the protest started online and then marched to government buildings, protesting, and shouting, “end lockdowns” causing widespread civil disobedience. Protest is now evidenced all over the country in 79 Universities in 15 different provinces.
In November 2022, there was a recent deadly protest in Urumqi, Xinjiang Province where a resident of China was calling for the lifting of lockdown that confined them in their homes for more than three months with lacking necessary supplies. The people of China are very angry with the COVID restriction, and they are protesting for democracy and human rights and even asking for the resignation of Chinese President Xi Jinping and his zero-COVID policy. China's economy is gone down as a result of the lockdown increasing unemployment. There are also worries about how large these protests are becoming and that they might turn south similar to what happened in Tiananmen square 1989, but what everyone knows for sure is that this protest is just the beginning of what Chinese citizens are willing to do for a change in how life is.
China's Protest has had a negative impact on the Chinese economy and has drastically affected the world stock market, especially it has a negative impact on shares of companies that rely on China for production. Apple's production of phones reduced significantly having a negative impact on Apple's stock price and today December 11 the Apple stock price decreased to $142 per share compared to a high of $182 per share in 2021. Supply chain issue is faced all over the globe, increasing delivery time from China. Some companies are evaluating moving their production facilities to other countries, such as Apple shifted some of its manufacturing to India. We can see companies being less reliant on China causing China to have an even more serious problem with unemployment rates increasing in the years coming.
https://www.cnn.com/2019/08/09/business/hong-kong-economy-protests-business/index.html
https://www.nytimes.com/2022/11/26/world/asia/china-protests-covid.html
https://www.axios.com/2022/11/28/china-protests-zero-covid-apple












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