News Snapshot:
Beijing shrugged off IMF warnings about the economic impact of its aggressive anti-Covid policy, saying on Wednesday that China has achieved “significant results” and is a key driver of global growth. The International Monetary Fund lowered its growth outlook for China and the rest of the world on Tuesday and said Beijing’s zero-Covid policy – which has seen entire cities locked down over a handful of cases – has spurred a slowdown in the world’s second-largest economy. It might be time for Beijing to “recalibrate” its stance in order to ease pressure on global supply chains and economic growth, the...
