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Covid-19 Curbs Reversing China’s Economic Fortunes – FT

That is a sign of a reversal of fortunes across China’s wider economy, which is grappling with lockdowns in Shanghai and other cities and a long-running property crisis


Covid-19 curbs and lockdowns helped knock 2.1% off industrial growth in the first eight months of 2022, new data showed on Tuesday.
Workers load steel products for export onto a cargo ship at a port in Lianyungang. China's industrial growth declined at a faster pace in recent months, data shows. Photo: Reuters.

 

Chinese exports grew just 3.9% in April in dollar terms – their weakest level since July 2020 – amid the easing of Covid-19 measures and supply chain disruptions, the Financial Times reported.

That is a sign of a reversal of fortunes across China’s wider economy, which is grappling with lockdowns in Shanghai and other cities and a long-running property sector crisis.

 

Read the full reportFinancial Times.

 

 

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George Russell

George Russell is a freelance writer and editor based in Hong Kong who has lived in Asia since 1996. His work has been published in the Financial Times, The Wall Street Journal, Bloomberg, New York Post, Variety, Forbes and the South China Morning Post.

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