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China Drop-In: zero-COVID at the limits – domestic and global consequences

As China's new infection numbers hit a record, its zero-COVID policy is coming under severe strain. Despite hopes that the government would be moving away from the controversial policy, more and more cities across China are being locked down as restrictions are once again tightened. What will this mean for the Chinese and global economies, and what’s needed for policymakers to get free from the pandemic?

Economists from our China, Global, Commodities and Markets teams held a special briefing on zero-COVID and its macro and market consequences. During this 20-minute briefing, the team answered client questions as they addressed key issues, including:

  • What these latest lockdowns imply for the China economic outlook;
  • What China under zero-COVID means for the global economy;
  • What these latest lockdowns mean for commodities demand.
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