China’s economy slows rapidly as ‘COVID-zero’ lockdowns bite

China’s economic activity contracted sharply in April as the lockdown of Shanghai and other parts of the country to contain a widespread outbreak of COVID-19 closed factories, blocked roads and prevented people from consuming. , raising concerns about further disruption to global supply chains.

The crisis was widespread in April, with manufacturing production contracting further and demand for services being much weaker than expected. The purchasing managers’ indices are the first official data for April and show the extent of the damage to the economy caused by the epidemic and the government’s “COVID-zero” policies.

Can’t see this item?

This may be due to a conflict with your ad blocking or security software.

please add japantimes.co.jp and piano.io to your list of allowed sites.

If that doesn’t solve the problem, or if you’re unable to add the domains to your allowlist, please visit this support page.

We humbly apologize for the inconvenience caused.

In an age of both misinformation and too much information, quality journalism is more crucial than ever.
By subscribing, you can help us tell the story well.

SUBSCRIBE NOW

PHOTO GALLERY (CLICK TO ENLARGE)

Comments are closed.