China's zero-Covid strategy hurts consumer spending more than manufacturing

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China's zero-Covid strategy hurts consumer spending more than manufacturing
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Manufacturers are less affected by city lockdowns since factories are typically spread out in suburban industrial parks, according to an economist at the EIU.

Su expects different local government approaches to implementing a zero-Covid policy will result in varying economic performance by province this year.

The risk is this time around, factories in other countries may be able to operate if their governments decide to pursue a strategy of coexistence with Covid.

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