Global growth – The world fears the cold snap of the Chinese economy

“When China sneezes, the whole world catches a cold,” says the maxim. On Monday, the presentation of figures for Chinese economic activity in April raises fears that the world’s second largest economy is falling ill. The fault is largely due to the “zero Covid” strategy imposed by the government.

For weeks, many cities in the country have been subject to very strict health measures to combat the spread of the virus. What paralyze a large part of the industrial production of the country. With a contraction of its manufacturing activity of 2.9% and a historic level of its number of unemployed (6.1% of the active population according to official figures), China is returning to the worst upheavals encountered at the very beginning of the pandemic. .