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China Slowdown Applies Brakes on Global Growth – WSJ

Widespread lockdowns to rein in Covid-19 brought economic activity to a standstill in China and also sparked runaway inflation across the world


China factory
Employees wearing face masks work on a car seat assembly line at Yanfeng Adient factory in Shanghai, February 24, 2020. Japanese companies have found it tough to reopen during the Covid lockdown as they would also need to have places for workers to eat and sleep after their shifts. File photo: Aly Song, Reuters.

 

The world’s factory floor for years, China’s economic slowdown is now applying brakes on global growth, The Wall Street Journal reported.

The widespread lockdowns to rein in the rapid spread of Covid-19 has not only  brought economic activity to a standstill in the world’s largest economy but also sparked runaway inflation and interest rate hikes across the world, the report said.

 

Read the full report: The Wall Street Journal

 

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Jim Pollard

Jim Pollard is an Australian journalist based in Thailand since 1999. He worked for News Ltd papers in Sydney, Perth, London and Melbourne before travelling through SE Asia in the late 90s. He was a senior editor at The Nation for 17+ years and has a family in Bangkok.

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