Can China revive its COVID-hit economy? | Business and Economy

From: Counting the Value

The Chinese language authorities has introduced a 33-point stimulus plan to place the financial system again on observe.

China has been the largest supply of world financial progress for the previous 20 years. And it has lengthy defied predictions it might quickly hit a wall.

However, strict COVID lockdowns, a crackdown on tech corporations and an actual property stoop are difficult the world’s second-largest financial system’s enlargement. Many monetary establishments predict progress will fall properly wanting Beijing’s goal of about 5.5 p.c this 12 months, for the primary time in many years.

Elsewhere, the UK plans to scrap elements of the post-Brexit commerce cope with the European Union. However, can it achieve this? And the way will companies be affected?

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