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China's 'zero-Covid' curbs may hurt global growth, says BOJ policymaker

The remark follows a warning last month by IMF head Kristalina Georgieva that China should reassess its zero-Covid approach to the pandemic

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Reuters
China's "zero-COVID" restrictions could weigh on world growth by prolonging supply chain disruptions and global inflationary pressures, a Bank of Japan policymaker said on Wednesday.

The remark follows a warning last month by International Monetary Fund head Kristalina Georgieva that China should reassess its zero-COVID approach to the pandemic given the emergence of the highly contagious Omicron variant.

"China's economy is the world's market and factory," BOJ board member Toyoaki Nakamura said in a speech.

"There's a risk its 'zero-COVID' policy amid widening Omicron infections could weigh on the global economy, as well as prolong global supply chain disruptions and

(Only the headline and picture of this report may have been reworked by the Business Standard staff; the rest of the content is auto-generated from a syndicated feed.)