26-April-2024
Economy News
 
China's zero-Covid policy dashes global hopes for quick return to normal
19-May-2022

A sharp slowdown in China's economy caused by its strict zero-COVID rules and Beijing's shift away from a traditional reliance on external demand have cast doubts over how much the country will contribute to future global trade and investment. While China staged a remarkably quick recovery from its initial pandemic slump, thanks to bumper exports and factory production, analysts expect the current downturn will be harder to shake off than the one seen in early 2020. The gloomier outlook presents challenges not only for leaders in Beijing worried about rising unemployment, but foreign businesses counting on China to resume its level of engagement it had with the rest of the world before the pandemic.

News Source:- https://www.business-standard.com/article/international/china-s-zero-covid-policy-dashes-global-hopes-for-quick-return-to-normal-122051900331_1.html