Posted inAT+

Zero-Covid policy killing off China’s growth

Chinese President Xi Jinping’s “zero-Covid” strategy appears to be generating a zero-growth scenario that few saw coming for the world’s second-largest economy.

Asia’s top economic power managed to eke out just 0.4% growth in the second quarter year-on-year, down from 4.8% in the first quarter, according to just-released data. That figure falls well below forecasts of 1% growth for the last three months and comes dangerously close to the negative territory few serious economists thought was possible in the Xi era.

It’s already casting a shadow over the rest of 2022.

To continue reading, please log in to your AT+ Premium account. Not yet a member? Please signup for AT+ Premium monthly membership, AT+ Premium yearly membership or AT+ Premium Access membership.

Sign In

We've recently sent you an authentication link. Please, check your inbox!

Sign in with a password below, or sign in using your email.

Get a code sent to your email to sign in, or sign in using a password.

Enter the code you received via email to sign in, or sign in using a password.

Subscribe to our newsletters: