- Salary reductions, lay-offs, lockdowns and regulatory crackdowns are upending the lives of those who were once the envy of China’s middle class
- If coronavirus-induced lockdowns and restrictions drag out for more than two months, some warn that the impact could be ‘unimaginable’
China’s economy grew by 4.8 per cent in the first quarter of 2022 compared with a year earlier, up from the 4 per cent growth seen in the fourth quarter of last year.
Once viewed as gaudy shops that stock items of inferior quality, Y100 stores are back in favour with Japanese at a time of rising prices and stagnant incomes.
Health Minister Ma Xiaowei tells party journal the bottom line is to prevent outbreaks and consolidate hard-won results.
If China’s disruptive lockdowns persist, they could fuel global inflation, slow the pace of exports shipped from the ‘world’s factory’, and weaken demand in the world’s largest consumer market, economists say.
Leading paediatrician urges parents to get their children vaccinated ahead of a resumption of in-person classes.