Economic figures suggest that China’s economy is starting to slow down. What can this mean for Australia?
Economic figures suggest that China’s economy is starting to slow down.  What can this mean for Australia?

Economic figures suggest that China’s economy is starting to slow down. What can this mean for Australia?

At least the air quality has improved.

The shutdowns across China could not have come at a worse time for Xi Jinping, the Chinese Communist Party and the economy.

But when dawn broke on Monday, for the 27 million people in Shanghai and the 19 million in Guangzhou – who have been ordered to harsh shutdowns to curb the nation’s worst COVID-19 outbreak ever The silver was that the air pollution was noticeably improved.

Unfortunately for the 12.5 million people living in Shenzhen who came out of the lockdown almost a month ago, pollution levels were back to their unhealthy ‘normal’.

What about the economy?

Large parts of China’s economy are now at a standstill. And while official statistics released on Monday show that the economy is still growing, economists fear that Beijing’s attempts to conquer the Omicron variant could backfire.

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