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WB slashes China growth forecast over COVID damage
Aggregated Source: ChinaLegalBlog.com

Agencies

The World Bank has sharply slashed its annual growth forecast for China, warning in a report Wednesday that COVID disruptions could further slow recovery in the world’s second-largest economy.

China is the last major economy wedded to a zero-COVID policy, using rapid lockdowns, mass testing and strict movement restrictions to eliminate outbreaks — but it has tangled supply chains and dragged economic indicators to their lowest levels in around two years.…

This data comes from the ChinaPulse.com media intelligence and smart news insights monitoring platform.

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