Chinese economy continues to face pressure due to COVID, Russia-Ukraine conflict


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Beijing [China], May 19 (ANI): Chinese economy is under pressure due to stringent curbs to curtail the COVID pandemic, which is adversely affecting production capacity and other logistics. Aside from the disruptions caused by the zero covid policy, the war in Ukraine is adding to the woes of the world’s second-largest economy. China’s exports registered a growth of 3.9 per cent on a yearly basis in April 2022, marking the lowest growth since July 2020, The Singapore Post reported citing data released by Chinese customs. Investment management Morgan Stanley has forecast that global economic growth would be less than half...