DECRYPTION – The World Bank is significantly lowering its GDP growth forecast for the country. Faced with many challenges, Beijing will have to implement reforms, the institution believes.
End the zero Covid policy, a very strict and penalizing health policy for activity, imposed on the Chinese for three years. Send almost the entire population back to work. The Chinese authorities did an about-face by lifting most of the heavy restrictions in force so far in early December. This should, in principle, revive the Chinese economy.
However, Beijing is far from being at the end of its troubles…
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