China’s zero-Covid policy threatens global economic growth, says Bank of Japan policymaker

China’s zero-Covid restrictions may heap pressure on the global economy by prolonging supply-chain disruptions and intensifying the impact of inflation, a Bank of Japan (BOJ) policymaker said on Wednesday.The remark follows a warning last month by International Monetary Fund head Kristalina Georgieva that China should reassess its zero-Covid approach to the pandemic, given the emergence of the highly contagious Omicron variant.“China’s economy is the world’s market and factory,” BOJ board…

Read the original article at South China Morning Post