China premier issues warning on Covid-hit economy


Source: thestartmagazine.com thestartmagazine.com

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China's premier has sounded an unusually stark warning about the world's second-largest economy, saying it must return to normal as the country's zero-Covid strategy bites into growth. China is the last major economy welded to a policy of mass testing and hard lockdowns to eliminate virus clusters, but the strict curbs have battered businesses. Restrictions around the nation in recent months -- including on the manufacturing hubs of Shenzhen and Shanghai as well as the breadbasket province of Jilin -- have tangled supply chains and dragged economic indicators to their lowest levels in around two years. In some ways, the...