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China lockdowns cost economy $63 billion a month, academic says

March 29, 2022 2:14 PM

HONG KONG (BLOOMBERG) – China’s Covid-19 lockdowns are likely costing the economy 295 billion yuan (S$63 billion) a month, or 3.1 per cent of lost gross domestic product (GDP) and the impact could double if more cities tighten restrictions.

Source : https://www.straitstimes.com/business/economy/china-lockdowns-cost-economy-63-billion-a-month-academic-says

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