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The lockdown threatens the economy

Economic center at a standstill: Covid guards in Shanghai

The Omicron variant of Sars-CoV-2 is about three times more contagious than any previous type and undermines existing immunities. These biological characteristics have a severe impact on China’s economy and policy. While Germany now largely lets the variant run its course, China tries to suppress its spread. This is generally a sound strategy to protect the population. Yet at the same time, economic concerns grow rapidly.

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