Michele Koh Morollo

Shang­hai, Chi­na’s biggest city, is im­pos­ing a lock­down in two phas­es in an ef­fort to min­imise eco­nom­ic dis­rup­tion.

Bei­jing’s strict pan­dem­ic poli­cies add to sup­ply chain and in­fla­tion risks amid eco­nom­ic fall­out of war in Ukraine.

Chi­nese econ­o­my ex­pands 8.1 per­cent for the whole of 2021 amid weak­est Q4 growth in more than a year.

De­vel­op­er has seen share price plunge more than 50 per­cent since No­vem­ber amid liq­uid­i­ty, trans­paren­cy con­cerns.

Bei­jing’s crack­down on real es­tate, tech and ed­u­ca­tion has shown it dic­tates the terms to pri­vate busi­ness­es.

An­a­lysts see Chi­na’s real es­tate mar­ket en­ter­ing a pe­ri­od of stress with Bei­jing mov­ing to con­tain fall­out.

Au­thor­i­ties are loos­en­ing lend­ing and home ap­provals even as Bei­jing push­es to re­duce econ­o­my’s re­liance on prop­er­ty.

Re­duc­tions in tar­iffs pos­si­ble down the line, but no re­turn to pre-Trump sta­tus quo, an­a­lysts say.