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.

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