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China’s Li Issues Third Growth Warning as Covid Takes Toll

  • Premier says ‘sense of urgency’ needed on implementing policy
  • Nomura sees risk of GDP contraction in 2Q amid lockdowns
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China Issues Third Growth Warning as Covid Takes a Toll
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China’s Premier Li Keqiang issued a third warning about economic growth risks in less than a week, suggesting heightened concern about the outlook as widespread Covid lockdowns disrupt production and spending.