Zero Covid policy slows Chinese economy ChinaPulse.com China News, Data, Media Intelligence and Insights


Source: chinapulse.com chinapulse.com

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Since the beginning of the corona pandemic, China has been operating a strict zero-Covid strategy with lockdowns and extensive tests – but experts are increasingly warning of fatal consequences for the economy. Mass testing of the entire population alone could lead to a drop in growth of 2.3 percentage points this year, the Nomura Bank warned on Friday. The approach threatened “rather high” costs with “limited” benefits in the fight against the omicron variant of the virus. The Chinese leadership only announced on Thursday that it would stick to the strict strategy. In addition, the tests could be extended to...