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China’s Covid Zero Policy Has Limited Drag on Economy, ANZ Says

A monitor displays a thermographic image of commuters at a subway station in Shanghai in December 2021.

A monitor displays a thermographic image of commuters at a subway station in Shanghai in December 2021.

Photographer: Qilai Shen/Bloomberg

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China’s “Covid-zero” policy has limited impact on the economy because measures are highly localized and targeted, according to Australia & New Zealand Banking Group Ltd.