CB Insights: China’s economy in the time of Covid
Worries about the health of the Chinese economy are mounting. Despite the respectable growth of 4.8% for the first quarter of this year, several indicators suggest that it is starting to come under considerable strain. Last month’s economic data showed an economy that is struggling in the face of multiple headwinds: April’s Purchasing Manager Index (PMI) – which measures the Chinese manufacturing sector – dropped to 47.4, the lowest figure since the start of the pandemic; while export data weakened to just 3.9%, the slowest monthly growth since June 2020. Getting the economy back on track will surely be one of the major tasks of the Chinese government in the coming months.
- Will the Chinese government introduce another stimulus package?
- Can China’s export sector rally to save the day?
- How are global brands adapting to China’s zero Covid strategy?
- Are Chinese consumers going to have to accept price hikes?
Join our two expert speakers as we look at what levers the Chinese government can pull to get the economy back on track and how multinational companies are adapting to contend with the unpredictability of the country’s zero-Covid strategy.