China’s ‘Dynamic Zero’ Pandemic Measures Have Hidden Costs

This time last year, China appeared to be bouncing back from the effects of the coronavirus pandemic and leading the world’s economic recovery after a pandemic-induced slowdown. But after a recent spike in infections that confined an estimated 50 million people to lockdown, the “Zero COVID” policy that initially kept the worst of the coronavirus at bay is now the biggest threat to China’s economic growth. China’s economy exceeded market expectations in the first quarter of 2022, growing 4.8 percent, according to data released Monday by the country’s National Bureau of Statistics. The figure is a decline from the previous year’s 8.1 percent […]