First-quarter GDP figures paint relatively rosy picture, but data didn’t capture full impact of Covid-19 restrictions
As Shanghai remains locked down amid China’s biggest Covid-19 outbreak, residents are taking to social media to vent about a shortage of food or they are bartering with neighbors. Anxiety and hunger are prompting many to question Beijing’s pandemic strategy. Photo: Chinatopix Via APHONG KONG—China’s severe Covid-19 restrictions, which for two years aided the country’s pandemic rebound by keeping the virus outside its borders, are now emerging as the largest threat to its growth.
Signs are growing that the economy has been cooling rapidly in recent weeks as the highly transmissible
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