A worker works on a production line at the Shende Material Workshop in Lianyungang Economic and Technological Development Zone, East China’s Jiangsu Province, Oct. 31, 2021.
Wang Chun | Barcroft Media | Getty Images
China’s economic slowdown will worsen as the Asian giant forges on with its zero-Covid strategy, an economist warned on Monday.
“If China continues to stick to its zero-Covid strategy, I think domestic demand will be under pressure,” said Hao Zhou, senior emerging markets economist at Commerzbank.
“But in the meantime, we know that there’s no sign that China will loosen or relax this kind of policy any time soon. So, in the next couple of quarters, I think basically the economic activity will continue to slow down in China,” he told CNBC’s “Squawk Box Asia” on Monday.