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China’s Economic Activity Collapses Under Xi’s Covid Zero Policy

  • Factory output, retail plunged in April; joblessness rose
  • Economists say Covid restrictions mean slow recovery
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China’s Economy Feels the Impact of Covid Zero MeasuresSource: Bloomberg
Bloomberg News
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China’s economy is paying the price for the nation’s Covid Zero policy, with industrial output and consumer spending sliding to the worst levels since the pandemic began and analysts warning of no quick recovery.