China is the last major economy to treat COVID-19 as widespread . China has adopted a strict COVID strategy, which includes mass testing, lockdown, and travel restrictions .
Tokyo (Japan), November 24: China's economy is unlikely to recover in the short run after COVID-19 outbreaks, according to The Japan Times.This happens even as China is the last of the major economies to treat COVID-19 as widespread.According to the latest analysis, China's economy could emerge from recession in 2023.However, many Chinese companies, particularly customer-facing ones, are concerned that they won't be ready to function until next year as China is still dealing with some of the worst outbreaks in history, according to The Japan Times.China has adopted a strict COVID strategy, which includes mass testing, lockdown, and travel restrictions in order to reduce the number of coronavirus cases.According to the data for October, China's economy is forecast to reach 3.5 percent in 2022, which means it will miss its target of about 5.5 percent, exports decreased, inflation declined, new bank lending plummeted, the property market downturn worsened, and retail sales fell for the first time after Shanghai's lockdown in April-May.According to The Japan Times, Brian Bergey and his partner Ruixi Hu's culinary tourism industry has been harmed in China as a result of COVID-19 restrictions.Brian Bergey expressed his pessimism about China's reopening. People aren't going to flip a switch and return to the way they used to be, according to JP Morgan, which reported over ten new COVID-19 cases earlier this month.That's 780 million people, or 62.2 percent of GDP.In China, vaccination and booster rates are still low, especially among the less fortunate.Local authorities in some cities lifted limits and others enacted tough measures. According to a social media story, Chinese authorities are failing to prioritize the needs of customers.According to social media posts, many parents have been using toothaches or ear infections as a excuse to refrain from sending children to the school because they are afraid that their children will be infected with COVID-19.According to economists, these families will not go out for lunch or dinner anytime soon.