Quotes from the news wire:
These figures could significantly underestimate the full impact, as many other cities have been mass testing district by district, and mobility has been significantly restricted in most parts of China.
Found on CNN 2 years ago
Following several rounds of lockdowns, many individuals are worn out, unemployed or underemployed, and have drained their savings to a level at which they now have to reduce spending.
Found on CNN 2 years ago
We also expect broader easing of fiscal and monetary policy, and it is likely the government will take steps to contain ripple effects in the financial system, including possibly ring-fencing banks particularly exposed to developers in trouble.
Found on CNN 2 years ago
The possibility of contagion in other parts of China's vast economy remains very real, and, it is on this issue where China's central bank faces its biggest constraint — while it may be able to contain the financial implications from a housing default, it can not offset the housing market's impact on China's real economy.
Found on CNN 2 years ago
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