China could reopen in March, but zero-Covid has shaken confidence in supply chains, economist says

China could reopen in March, but zero-Covid has shaken confidence in supply chains, economist says

  • While Chinese authorities could gradually unwind restrictions in March, zero-Covid policies are starting to hurt global confidence in the country’s industrial supply chains, said Li Daokui, Mansfield Freeman professor of economics at China’s Tsinghua University.
  • In the short term, supply chains will be largely unaffected since factories are still operating, Li, a former advisor to the People’s Bank of China, said in an extended interview with CNBC’s “Squawk Box Asia” on Wednesday.
  • If China relinquishes its Covid-zero policies, it should be able to get back to a “magic” growth rate of 5% to 6%, which is the right amount of growth given the current size of China’s labor market.

https://www.cnbc.com/2022/11/30/economist-chinas-zero-covid-has-shaken-confidence-in-supply-chains.html


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