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The Nikkei View

China's policy-induced slowdown is a warning to the world

Xi Jinping's zero-COVID focus threatens global supply chains

Shanghai residents receive PCR tests on May 13.   © Kyodo

The Chinese economy is losing steam. Industrial production dropped 2.9% year on year in April, the lowest since January-February 2020, when COVID-19 first hit.

China's zero-COVID policy, which has led to drastic measures such as the Shanghai lockdown, is serving as a drag on the global economy. Instead of moving to a post-pandemic era, the world now has to scrutinize Beijing's policy choices and adjust accordingly. 

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