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Video June 8, 2022

China Economic Update - June 2022

After a strong start in early 2022, multiple outbreaks of the Omicron variant of COVID-19 and resulting mobility restrictions have disrupted China’s growth normalization, according to Between Shocks and Stimulus, the latest China Economic Update released today by the World Bank. Economic growth in China is projected to slow to 4.3 percent in 2022 before rebounding to 5.2 percent in 2023, largely reflecting the economic damage caused by the persistence of COVID-19.