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Covid: in China lockdown in 46 cities for 343 million people

2022-04-29T04:17:28.508Z


There are 46 cities in China that are currently in a state of total or partial lockdown in efforts to combat the wave of Covid-19 and its highly contagious variant Omicron: from the latest updated estimates by investment bank analysts ... (HANDLE)


(ANSA) - BEIJING, APRIL 29 - There are 46 cities in China that are currently in a state of total or partial lockdown in efforts to fight the wave of Covid-19 and its highly contagious variant Omron: according to the latest updated estimates by the bank's analysts Japanese investments Nomura also shows that the situation has direct consequences on the lives of 343 million people, out of a total population of 1.4 billion.


    Société Générale, on the other hand, noted that the provinces affected by significant mobility restrictions represent 80% of China's GDP, posing a heavy risk to Beijing's growth.


    A difficult scenario that led UBS to cut its forecasts on Chinese GDP for 2022 from 5% to 4.2% due to the shock on the production fabric generated by the lockdowns, part of the 'zero tolerance' strategy, which led to logistical delays. , the suspension of production and considerable damage to consumption and service activities.


    At the beginning of March, Premier Li Keqiang announced a growth target for the current year of "about 5.5%", the lowest in the last 30 years.

(HANDLE).


Source: ansa

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