Post-'zero-COVID' economic recovery and the problems facing China
By Linda Huang | February 9Following the onset of the COVID-19 pandemic, China’s economy incurred consistent downward economic trends as a result of President Xi Jinping’s stringent “zero-COVID” policy. Many foreign firms considered leaving China, factory activities were severely reduced, workers were laid off and the entire economy only saw a mere 3% growth during the entire year of 2022 — the second slowest growth rate since 1976. However, with the abandonment of the “zero-COVID” policy and the recent reopening of the country in the final months of 2022, China has made various attempts to revitalize its lackluster economy and return to its pre-pandemic economy.