China Faces Economic Slowdown Amidst COVID Lockdowns

China Faces Economic Slowdown Amidst COVID Lockdowns


China faces an economic slowdown attributed by many observers to its draconian ‘zero-COVID’ lockdown policies, which even the World Health Organization (WHO) has criticized as excessively harsh.

The Chinese economy experienced a period of rapid economic growth in the decades following its economic liberalization in 1978 and entry into the World Trade Organization in 2001, by some measures surpassing the U.S. to become the largest economy in the world. However, according to reporting from the Financial Times, the Chinese manufacturing sector — a key component of its economy — shrank for the third month in a row in May, and retail sales within the country were down 11% in April. Export growth rates have slowed to levels comparable to those experienced during the height of the

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