After Shanghai, a new round of epidemic in Beijing has been heating up since April 22, and the authorities have been escalating their preventive and control measures. A scene that was just played out in Shanghai is being replicated in the capital city. China’s Zero-COVID policy has already hit the economy hard. China’s key economic data fell sharply in April, with many indicators falling into negative growth and unemployment rising sharply. Exports and real estate are also in recession, seriously affecting
