Does China’s Zero Covid Strategy Mean Zero Economic Growth?

Hunter Clark and Lawrence Lin

No 20220602, Liberty Street Economics from Federal Reserve Bank of New York

Abstract: The Chinese government has followed a “zero covid strategy” (ZCS) ever since the world’s first COVID-19 lockdowns ended in China around late March and early April of 2020. While this strategy has been effective at maintaining low infection levels and robust manufacturing and export activity, its viability is being severely strained by the spread of increasingly infectious coronavirus variants. As a result, there now appears to be a fundamental incompatibility between the ZCS and the government’s economic growth objectives.

Keywords: China; COVID-19; growth (search for similar items in EconPapers)
JEL-codes: E2 F00 I15 (search for similar items in EconPapers)
Date: 2022-06-02
New Economics Papers: this item is included in nep-cna and nep-mac
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