How China's COVID Lockdowns Affect the Global Economy
About the Episode
China’s latest economic data show the lowest GDP growth expectation in 30 years, rising unemployment, and slowing industrial production in part due to strict COVID-19 lockdowns. Economics expert Victor Shih joins Deep Dish to explain how inflation and the war in Ukraine will exacerbate this decline, what it means for the Chinese Communist Party and Xi Jinping’s leadership, and whether Xi’s demand for China to match the United States’ growth in 2022 is possible.
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