Chinas

OECD cuts global growth forecast on war in Ukraine and China’s zero Covid policy

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The OECD estimates that global gross domestic product [or GDP] will reach 3% in 2022 – a deterioration of 1.5 percentage points compared to a projection made in December. Nurphoto | Nurphoto | Getty Images The Organization for Economic Co-operation and Development has become the latest international body to lower its forecast for global growth …

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Zero-COVID, big money: China’s anti-virus spending boosts medicine, tech and construction

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BEIJING, May 30 (Reuters) – China’s “zero-COVID” policy of constantly monitoring, testing and isolating its citizens to prevent the spread of the coronavirus has hit much of the country’s economy, but it has created growth bubbles in the medical, technology and construction sectors. The Chinese government, alone among major countries to have pledged to eradicate …

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