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Little over a month after reopening, China’s economy is again threatened by rising Covid cases.
Restrictions are tightening in response to flare-ups across China, and are already hitting activity.
Slow progress with vaccinations means zero-Covid seems likely to persist into 2024.
healthcare, July, June, June pmi, May, pmi, policy, q2, retail sales, us, Pantheon Macro, Pantheon Macroeconomics, independent macro research, independent research, ian shepherdson, economic intelligence