Fears mount for China's economy as leaders dig in on zero-Covid

Chinese leaders' strict adherence to their zero-Covid strategy and lockdowns is posing a serious threat to the world's number two economy, experts warn

Mass testing of China's vast population could bring fresh misery to the economy, experts warned Friday, after Beijing vowed to regain control of the narrative around a zero-Covid policy that has strangled growth and fanned anger across the country.

Analysts at Nomura on Friday predicted that mass testing mandates alone could cost up to 2.3 percent of annual gross domestic product.