China’s draconian zero-covid policies have required repeated and lengthy lockdowns, enormous make-shift quarantine facilities, and endless testing for the population. They have also done real damage to its economy. After rare outbreaks of protest against the policy in several cities, the strict rules that have smothered normal life around the country are being relaxed, after almost three years in place.
On this week’s podcast, hosts Mike Bird, Soumaya Keynes and Alice Fulwood ask what this means for the Chinese economy—and the world. One of China’s best-known investors, Fred Hu, tells us the policy has been driving China’s economy “to the ground” and Goldman Sachs’ Andrew Tilton says that restrictions have shaved up to 5% off GDP growth. But what will happen as China opens up?
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