China's economic growth rate will decrease for two successive years ag

Washington/Beijing: The World Bank has said in its new report that against the backdrop of consistent Corona outbreaks and the strict Zero Covid Policy imposed against it, there has been an upheaval in China’s economy, which impacts the economic growth rate. According to a report, China’s economy will fall by 2.7% in 2022. Besides, the World Bank has predicted that the Chinese economy rate will reach more than four percent in the next year. In the background of this report, there have been indications of a new wave of Corona in China. It has come to light through social media and mass media that in some cities, including the capital Beijing, the number of patients and victims has increased greatly, and local authorities have started struggling to build temporary hospitals and other facilities.

The Chinese Communist regime relaxed the Zero Covid Policy two weeks ago. After that, its implementation started in most parts of China, and most rules regarding mass testing and quarantine were relaxed. Many restrictions imposed on Chinese nationals for internal travel were also said to have been lifted. However, after the relaxation of the policy, reports of a massive rise in Corona patients in China have surfaced.

The Chinese capital, Beijing, was detected with the highest number of patients and claims were made that the number of patients was in the thousands. Along with the number of patients, the statistics of mortality due to Corona has also been large, and some media have published the information that there was no space left in the city’s burial grounds. However, since the Chinese system has not been ready to say anything openly about this, the restlessness has started increasing again among ordinary citizens, foreign companies, tourists and investors.

Moreover, the new report of the World Bank has confirmed this, along with the mention of the Zero Covid Policy, the outbreak of Corona, and the shocks to China’s industrial sector. Although China has relaxed its Zero Covid Policy, the report advised that restoring the economy and daily transactions needed more care. The World Bank has warned that there was a need to focus on strengthening immunisation and health services.

Against the backdrop of Corona, it was also made aware that the Chinese regime’s decisions led to the economy’s hitting. The World Bank drew attention to the fact that due to these hits, China’s economy would decline by 2.7% in 2022. It was also predicted that the situation would improve to some extent next year and the growth rate will be above four percent. The World Bank has called for more spending on Green Investment and the social sector.

A few days ago, the World Health Organization (WHO) also issued a serious warning to China. WHO said that a country with very strict restrictions must face a difficult situation to get out. Moreover, it warned that China would also face a very difficult and arduous situation in the coming times.

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