A leading Chinese epidemiologist has refuted the claim that China’s “zero-COVID” policy has hampered the country’s economic growth. “The ultimate goal of the dynamic “zero-COVID” approach is to safeguard the well-being of the population to the greatest extent possible, and at the same time to protect social and economic development as well as normal life and production. of the population,” Liang Wannian, head of the expert group on COVID-19 response under the National Health Commission, said at a press conference.
The “zero-COVID” approach coordinates epidemic measures with economic development, Liang said, noting that the virus is the real cause of the economic slowdown. He made the remarks amid growing criticism of China’s harsh COVID measures from people at home and abroad.
“Precision” is what the dynamic “zero-COVID” approach emphasizes, Liang was quoted by Xinhua News Agency as saying. Defending the political decision taken on COVID, the leading Chinese epidemiologist said that depending on local conditions, governments are required to strike a balance between epidemic control and social and economic development.
China’s economic slowdown and the country’s authoritarianism in the fight against COVID-19 are pushing investors to leave the country and shut down their businesses. It comes amid signs of China’s economic slowdown as the People’s Bank of China moved to cut the reserved ratio required to boost lending through commercial banks, according to reports. A few days earlier, the International Monetary Fund (IMF) also cut China’s growth forecast for this year.
Kristaline Geogieva, managing director of the IMF, said China still has time and room to adjust its policies accordingly, as countering its economic slowdown is key for the global recovery, according to reports. (ANI)
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