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Kent Matthews, Professor of Banking and Finance, Cardiff University

Chinese economic growth may never recover from COVID – here's why

Bronze bull outside the stock exchange building in Shanghai, China. Dmitri Ometsinsky / Shutterstock

Many countries have had to navigate the balancing act of keeping the economy alive versus protecting citizens from COVID in recent years. In China, patience with its zero-COVID policy – one of the world’s toughest strategies for dealing with the pandemic – are wearing thin among workers and students. Sporadic protests have erupted all over China in recent weeks, triggered by the deaths of ten people in a fire in an apartment block in Ürümchi, Xinjiang in November.

But even with signs that restrictions are starting to relax across the country, the impact on the economy will not be as straightforward as the Chinese government might hope.

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