Can China breathe new life into its COVID-19-affected economy?


From: Counting the costs

The Chinese government has announced a 33-point stimulus plan to get the economy back on track.

China has been the largest source of global economic growth for the past 20 years. And it has long defied predictions that it would soon hit a wall.

But strict COVID lockdowns, crackdowns on tech companies and a real estate collapse are challenging the world’s second largest economy. Many financial institutions predict that growth this year will fall far short of Beijing’s target of around 5.5 percent for the first time in decades.

Elsewhere, the UK plans to scrap parts of the post-Brexit trade deal with the European Union. But can it? And how are companies affected?

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