BEIJING -- China's zero-COVID policy is putting increasing strain on business activity, with some analysts warning the nation's economy could see real growth for 2022 only in the 3% range, possibly putting it behind the U.S. level.
The monthlong-plus lockdown in Shanghai is the epicenter of the economic disruptions. New infections are declining, but more than 40% of residents are still prohibited from leaving their homes, disrupting logistics. In the manufacturing sector, new orders and production declined, while prolonged procurement times for parts and raw materials have taken a toll.
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