HONG KONG -- Economists expect China's growth to slow to 4.1% in 2022, after the government's zero-COVID policy led to a prolonged lockdown in Shanghai that paralyzed the world's second-largest economy and hit global supply chains.
Shanghai lockdown hit growth, while fear of more restrictions dampens consumption
Staff working at a PCR testing site in Shanghai in May when the city was locked down. © Reuters
HONG KONG -- Economists expect China's growth to slow to 4.1% in 2022, after the government's zero-COVID policy led to a prolonged lockdown in Shanghai that paralyzed the world's second-largest economy and hit global supply chains.