World Bank: Chinese economy to grow 4.3%

BEIJING: The World Bank has sharply slashed its annual growth forecast for China, warning in a report last week that Covid-19 disruptions could further slow recovery in the world's second-largest economy.

China is the last major economy that adheres to a zero-Covid policy, using rapid lockdowns, mass testing and strict movement restrictions to eliminate outbreaks. But this has tangled supply chains and dragged economic indicators to their lowest levels in about two years.