‘Big collapse in industrial production’; Consequences of China opening up

Beijing's controversial “zero-COVID” policy had a tremendous impact on the economy. But now, China is facing another risk to its economy as it gradually loosens COVID restrictions.

The country is expected to face a further infection surge, which might cause more economic disruptions.

Reuters cited Mark Williams, chief Asia economist at Capital Economics, "The transition out of ‘zero-COVID’ will eventually allow consumer spending patterns to return to normal, but a higher risk of infection will keep in-person spending depressed for months after re-opening."