China’s Economy Is Showing Increasing Strain From the Covid Tsunami

  • Movement in major cities slumping as people try to avoid virus
  • Car and homes sales falling and exports likely to drop too
WATCH: Qu Qiang, assistant director of the International Monetary Institute at Renmin University, discusses his observations on China’s Covid situation and his outlook for the country’s economy in 2023.Source: Bloomberg
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China’s economy continued to slow in December as the massive Covid-19 outbreak spread across the country, with activity slumping as more people stay home to try and avoid getting sick or to recover.