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China’s zero-Covid policy under renewed scrutiny as economic challenges mount

Summary:
[unable to retrieve full-text content]China’s zero-tolerance approach to the coronavirus pandemic has become the subject of renewed debate by economists, who say the cost to the economy is becoming increasingly unbearable.While the strict disease prevention strategy proved a success early in the pandemic, a more transmissible variant in Omicron, the rising costs of lockdowns, soft domestic consumption, a deteriorating fiscal situation and increasing dissatisfaction among its population are causing diminishing benefits for China,…

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[unable to retrieve full-text content]
China’s zero-tolerance approach to the coronavirus pandemic has become the subject of renewed debate by economists, who say the cost to the economy is becoming increasingly unbearable.While the strict disease prevention strategy proved a success early in the pandemic, a more transmissible variant in Omicron, the rising costs of lockdowns, soft domestic consumption, a deteriorating fiscal situation and increasing dissatisfaction among its population are causing diminishing benefits for China,…
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