China's zero-Covid policy likely to downgrade global economic growth

Delegates wearing face masks sit before the opening session of the 20th National Congress of China's ruling Communist Party in Beijing, China on October 16, 2022. [AP Photo]

China's strict zero-Covid policy has resulted in an economic slump not only in China but also in the Asian region as the Chinese President's authoritarianism has brought down the growth prospects toward zero.

The 20th National Congress of the Communist Party and the stricter zero-Covid policy in the country have only confirmed that the reign of Xi for the third term will not prioritise the growth that helped power the global economic system.