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World Latest News Update: President Xi Jinping of China has promised to ‘minimize’ the economic impact of the Covid price increase.

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China must “minimize the impact of the pandemic on economic and social growth,” according to Xi Jinping. Since the first significant outbreak in Wuhan in early 2020, China is experiencing its largest Covid outbreak. The country’s leader may indicate that his priority is to limit collateral damage to the country’s massive economy. Meanwhile, economists at Nomura predict that Beijing’s zero-Covid goal will make achieving its 5.5 percent GDP objective for 2022 very difficult. Analysts at Nomura believe the strategy would make it difficult for Beijing to meet its 5.5 percent growth target for 2022.Virus control should be integrated with economic development, according to China’s Vice Premier Liu He, Xi Jinping’s top economic advisor. Shenzhen, China’s technology and industrial powerhouse, said it will enable businesses to restart operations in a “orderly” way.

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