Your monthly update on what’s happening in key international markets.
The view from China
Zero-covid chaos
The inevitable zero-covid chaos has now reached Beijing and offices are shut, public transport has been suspended, working from home is in place and there is no sign of an exit strategy in sight.
The economic and social consequences of these severe policies have been devastating and economists now doubt whether China will even get close to a 3.8% GDP growth target for 2022, let alone the original 5.5% target demanded at the Two Sessions Meeting earlier in the year.
Recent assessments by Chinese economists estimate that the damage to China’s economy of the current zero-covid strategy is in excess of $2trillion – and growing.
The impact on international businesses operating in China
Where does this leave British, European, US, Japanese, Korean and other international businesses operating on the mainland in terms of thei
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