Spiking COVID Cases—And Now, the War—Threaten China’s Economic Outlook
China’s January-February economic data beat expectations, but
spiking COVID-19 cases across the country will weaken the outlook. What’s more,
the fallout from the war in Ukraine further threatens China’s economy. As
detailed by The Conference Board China Center, the war is already starting to push up
inflation. Policy support is expected to scale up in the coming months in the
form of monetary easing, fiscal spending, tax breaks, incentives for
businesses, and additional actions to stabilize the housing market.
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