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Wednesday, May 15, 2024

China premier issues warning on Covid-hit economy

China’s premier has sounded an unusually stark warning about the world’s second-largest economy, saying it must return to normal as the country’s zero-Covid strategy bites bites into growth.

BEIJING: China’s premier has sounded an unusually stark warning about the world’s second-largest economy, saying it must return to normal as the country’s zero-Covid strategy bites into growth.

China is the last major economy welded to a policy of mass testing and rapid lockdowns to eliminate virus clusters, but the strict curbs have battered businesses.

Restrictions on dozens of cities in recent months — including the manufacturing hubs of Shenzhen and Shanghai as well as the breadbasket of Jilin — have tangled supply chains and dragged…

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