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China's zero-Covid policy dashes global hopes for quick return to normal

Calculations based on International Monetary Fund projections show China's expected average annual contribution to global economic growth through to 2027 at about 29%

Covid-19 patients leave a makeshift hospital at the National Exhibition and Convention Center in Shanghai, Thursday, April 14, 2022. (Ding Ting/Xinhua via AP)
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Covid-19 patients leave a makeshift hospital at the National Exhibition and Convention Center in Shanghai, Thursday, April 14, 2022. (Ding Ting/Xinhua via AP)

Reuters
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

(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.)

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First Published: May 19 2022 | 11:21 AM IST

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