- As growth in major global economies slows as a result of high inflation, exacerbated by the Ukraine war, many economists are hoping that China will again come to the world’s rescue.
- Business and consumer activity in the world’s second-largest economy have been stymied by Beijing’s zero-COVID policy that sparked monthslong lockdowns on workers in dozens of cities, forcing many businesses to shut.
- With the prospect of further stimulus on hold, the central government has sought to deflect attention away from Beijing, telling regional governments to do more to help stabilize growth and boost employment opportunities.
Why China’s economy is in trouble and what it means for you 17.08.2022
