Can China revive its COVID-hit economy? | Business and Economy

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The Chinese government has announced a 33-point stimulus plan to get the economy on track.

China has been the largest source of global economic growth over the past 20 years. And it has long defied predictions that it will soon hit a wall.

However, the strict COVID lockdown, crackdown on technology companies and a real estate slump are challenging the expansion of the world’s second-largest economy. Many financial institutions predict growth will fall short of Beijing’s target of around 5.5% this year, the first time in decades.

In another development, the UK plans to scrap parts of its post-Brexit trade deal with the European Union. But, can it do so? And how will businesses be affected?

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