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China’s Economy Stumbled Last Year With Covid Lockdowns Hobbling Growth



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The Chinese economy had one of its worst performances in decades last year as growth was dragged down by numerous Covid lockdowns followed by a deadly outbreak in December that swept across the country with remarkable speed.China grew 3 percent for the year, numbers released Tuesday show, much less than in 2021 and short of Beijing’s target of 5.5 percent. Other than 2020, it was the most disappointing showing since 1976, the year Mao Zedong died, when the economy declined 1.6 percent.The government’s strict “zero Covid” restrictions cast a pall over 2022, strangling the economy with frequent quarantines, regional lockdowns and massive spending to pay for widespread testing. Then on Dec. 7, China lifted the policy without warning after n …

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