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Winter Olympics helps push China economy downhill

Exports cannot be counted on to offset weak consumption caused by a zero-COVID-19 policy. The Olympics are becoming an expensive exercise for China.

China’s zero-COVID-19 policy goes far beyond social distancing and wearing masks in crowded places. It means closed highways and suspended flights, trains and bus services.

China is taking tough action partly to forestall disruption to the Winter Olympics, which are less than three weeks away. That means trading much-needed economic growth for international prestige.

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Financial Times

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    Original URL: https://www.afr.com/world/asia/winter-olympics-helps-push-china-economy-downhill-20220118-p59p50