Business Standard

Monday, February 03, 2025 | 04:03 AM ISTEN Hindi

Notification Icon
userprofile IconSearch

China's 'slow, painful' reopening threatens to strain economy even further

China is in for a "protracted and costly" reopening, with any release of pent-up demand likely to be lackluster as many households have already depleted their savings

China, China economy, Economy
Premium

Photo: Bloomberg

Bloomberg
China’s economy is bracing for major disruption into next year as coronavirus cases surge and challenge the government’s recent attempt to maintain Covid Zero but reduce the economic and social damage it causes.
 
The country is in for a “protracted and costly” reopening, with any release of pent-up demand likely to be lackluster as many households have already depleted their savings, according to Nomura Holdings Inc. economists. Hao Hong, chief economist at GROW Investment Group, said productivity is being hit as cities force residents to get regularly tested.

While the government is trying to avoid a hard lockdown like in

What you get on BS Premium?

  • Unlock 30+ premium stories daily hand-picked by our editors, across devices on browser and app.
  • Pick your 5 favourite companies, get a daily email with all news updates on them.
  • Full access to our intuitive epaper - clip, save, share articles from any device; newspaper archives from 2006.
  • Preferential invites to Business Standard events.
  • Curated newsletters on markets, personal finance, policy & politics, start-ups, technology, and more.
VIEW ALL FAQs

Need More Information - write to us at assist@bsmail.in