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COVID lockdowns may end but China is still sneezing


With swathes of China spending April under lockdown -- 46 cities according to one estimate -- it was inevitable that dining out, shopping, factory output and energy usage would all take big hits. The dire data overshadowed announcements that some COVID curbs would be loosened. A Q2 economic contraction looks inevitable. What's more, the 6.7% urban unemployment rate -- the highest since 2018 -- won't escape the notice of authorities, wary of any kind of unrest.

Reuters - May 16, 2022

View the full story here: https://www.reuters.com/markets/europe/covid-lockdowns-may-end-china-is-still-sneezing-2022-05-16/