Car sales in the world's largest auto market have slowed dramatically, gamers are buying fewer consoles, and people are unwilling to replace their existing smartphones, laptops and TVs, as prolonged Covid curbs crimp spending power and put more people out of jobs. "The current China lockdowns ... has implications to both supply and demand," said Colette Kress, chief financial officer at U.S. chipmaker Nvidia, which forecast on Thursday a $400 million hit to gaming sales from China's stringent coronavirus restrictions. "You have very large cities that are in full lockdown, focusing really on other important things for the citizens there. So it's impacting our demand. At least 14 analysts have cut their price targets on Nvidia following its latest earnings report, with the median price target now standing at $300, according to Refinitiv data. In line with China's zero-Covid approach, Beijing, with its 22 million population, has clamped down on workplace attendance. Shanghai, the … [Read more...] about Global firms warn of sluggish China demand due to lengthy Covid curbs