Eco from here eco from elsewhere
China on the brink of an economic precipice?
A deserted street in Shanghai, May 17, 2022. © Jin Liwang/AP
By: Bruno Faure Follow
1 min
A few months ago, China was presented as the big economic winner of the Covid-19 pandemic, thanks to a vigorous recovery that began in 2020. The situation has turned around today with more or less strict confinements in certain major cities , starting with Shanghai, after the discovery of cases of contamination.
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The assumed zero Covid policy, imposed by the communist regime, penalizes consumption, resurrects the problem of unemployment and handicaps world trade which is already severely disrupted.
A major economic issue, a political issue also for President Xi Jinping, a few months before the XXth Congress scheduled for the fall of 2022. His Prime Minister Li Keqiang calls for the launch of new measures to support the national economy.
Because China has just unveiled its worst economic results for two years.
Growth targets are challenged.
In turn, the most populous country on the planet is therefore in doubt.
Is China, which wishes to remain open to the world, on the edge of the precipice?
OUR GUESTS :
-
Philippe Le Corre,
teacher-researcher at ESSEC, the
Harvard
Kennedy School and the John
Fairbank
Center (Chinese Studies Center), former RFI correspondent in Beijing
-
Françoise Huang,
economist in charge of Asia at Allianz Trade
-
Stéphane Lagarde,
permanent correspondent of RFI in Beijing.
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China
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Economic crisis
Confinement
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