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7th Apr 2022 00:00China+, Daily Monitor

China's services sector suffered a heavy blow in March, as collateral damage in the war with Covid.

Shanghai is paying dearly for its earlier relaxed approach to rising cases, and faces a long lockdown.

Shanghai's mistake will encourage officials to double down on zero-Covid, despite the costs.

caixin industrial production manufacturing pmi services pmi services sector

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Keywords for: The Tourniquet of Zero-Covid Squeezes China's Service Sector

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