The pandemic and China’s economy

China has largely kept the COVID-19 pandemic under control even amid the spread of the Delta variant in the rest of the world.

Still, the country’s economy is likely to be affected by the pandemic, according to Yu Yongding, a former member of the Monetary Policy Committee of the People’s Bank of China.

Excerpt from his Project Syndicate article: The Pandemic’s Impact on China’s Growth Prospects:

It is safe to say that the fight against COVID-19 is far from over. For China, this means that more small-scale coronavirus outbreaks – with the associated economic disruptions – are all but inevitable. Given this, it is very likely that China’s total growth in 2021 will fall short of previous market expectations.