BONN, Germany (Reuters). -On Wednesday Janet Yellen, U.S. Treasury Secretary said that China’s COVID-19 lockdowns are preventing goods from flowing and causing delays in global supply chains. This could lead to a slowdown in world growth and a wider impact on the No. The global ripple effects of the COVID-19 lockdowns in China could be serious and should be monitored closely.

“Certainly, the lockdowns seem to be impeding production and flow of goods, given their extent and compounding supply chains difficulties that we’ve had that have boosted the prices,” Yellen said at a Bonn press conference. She will meet with finance executives from seven major developed countries.

Yellen stated that although some pressures may be reducing, developments in China will exacerbate supply-chain tensions. That’s why it is a cause for concern.

A growing concern is also the slowdown in China’s economy, which has been largely due to its zero COVID policy. This has slowed down domestic activity for several weeks.

China is also experiencing slow growth. Yellen explained that China, one of largest economies worldwide, has a knock-on effect on all levels of growth. So that’s a factor that impacts the global outlook. We monitor closely what happens in China, as well as their policies.