Shanghai lockdown adds to China’s economic woes

HONG KONG – The lockdown of one of China’s biggest and most prosperous cities is the latest blow to the country’s economic fortunes, adding new risks to Beijing’s ambitious growth target in a politically sensitive year for the leader Xi Jinping.

Shanghai entered a gradual lockdown on Monday in a bid to curb the biggest jump in Covid-19 cases since the initial outbreak in Wuhan two years ago.


Wj

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