Their Zero covid techniques for control sound good, but in reality, its' gonna get in and now they have a completely unprotected population, with few having had the virus and the vaccines not preventing the virus at all. This is going to continue to happen and each shutdown will be a hit to their economy. Omicron, with it's reduced sickness may help them if they let it spread, their pride will not let them reverse a decision.
However, as long as they do shutdowns, these closing will hurt the world as well. Since this city is a tech hub, I can see it impacting chips and electronics even more. Guess I need to go ahead and get my TV for the Theater room, they are not going to get any cheaper.