China zero COVID going nowhere

Friday, 4 March 2022

Pantheon Economics with the note.

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The latest survey readings for China’s service sector show that Covid, and the policies aimed at suppressing it, continue to weigh heavily on activity. Recent press headlines have suggested that a change to China’s zero-Covid stance is in the offing, which is an exciting prospect if true. Sadly, the rumoured timelines suggest no great urgency. China will not learn to live with the virus this year, it seems.

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About the author

David Llewellyn-Smith is Chief Strategist at the MB Fund and MB Super. David is the founding publisher and editor of MacroBusiness and was the founding publisher and global economy editor of The Diplomat, the Asia Pacific’s leading geo-politics and economics portal. He is also a former gold trader and economic commentator at The Sydney Morning Herald, The Age, the ABC and Business Spectator. He is the co-author of The Great Crash of 2008 with Ross Garnaut and was the editor of the second Garnaut Climate Change Review.