What are zero-covid lockdowns costing China’s economy?

Posted on AllSides April 13th, 2022
From The Center
REUTERS/THOMAS PETER

China’s 5.5% GDP target for 2022 is the least ambitious goal the country has had in three decades, but it’s already looking challenging in the face of ongoing lockdowns, and the Russian invasion of Ukraine.

China’s continued zero-covid approach is “bound to pose another headwind to the already decelerating economic growth,” said a note from French investment bank Natixis in March, predicting that the sharp reduction in mobility in China could shave off 1.8 percentage points from its first-quarter growth, due on Monday (April 18).

Read full story
Some content from this outlet may be limited or behind a paywall.

Quartz

AllSides Media Bias Rating: Center
AllSides Media Bias Rating: Center
106299/83977
See full bias rating for Quartz
Learn about media bias
https://qz.com/2150257/what-zero-covid-lockdowns-cost-chinas-gdp/

More News about China from the Left, Center and Right

From the Left

From the Center

From the Right