News Snapshot:
Beijing: China’s zero-Covid policy and its arbitrariness in handling the COVID crisis are creating bottlenecks in supply chains, delays at ports and a lockdown in Shanghai which in turn is posing a serious threat to the country’s economy, especially when it comes to Beijing. when it comes to GDP targets. China, the world’s second-largest economy, was already witnessing a slowdown in the latter half of last year and growth appears to be bleak again. With the property market slumping and regulatory crackdown last year, policymakers set China the lowest annual GDP target in decades for 2022, according to the Dawn...
