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Coronavirus: Shanghai lockdown heaps pressure on China’s GDP growth, with ‘more uncertainties’ to come

China’s continued use of lockdowns to eliminate a new wave of coronavirus infections sweeping the country will take a heavy toll on the economy that could be similar to the aftermath of the initial 2020 outbreak, analysts said. Beijing has set an economic growth target of “around 5.5 per cent” for 2022, but clinging to its zero-Covid strategy could slash growth by as much as 10 percentage points on a quarterly basis, Everbright Securities said this week, raising questions over whether China can…

Read the original article at South China Morning Post

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