Caixin
Dec 26, 2022 08:37 PM
ECONOMY

China’s Economy Won’t Get Back to Normal Until ‘Wartime’ Covid Controls End, Expert Says

Liu Shouying, dean of the School of Economics at Renmin University, said China must shift away from the “wartime system” employed to combat Covid. Photo: VCG
Liu Shouying, dean of the School of Economics at Renmin University, said China must shift away from the “wartime system” employed to combat Covid. Photo: VCG

China has reached a tipping point where it is impossible for the market to survive without shifting away from its “wartime” anti-pandemic regime and returning the economy to normalcy, according to a senior Chinese economist.

“The system formed to fight the pandemic over the past three years, to a large extent, represented a return of the administrative system of governance and withdrawal from the market-oriented system,” Liu Shouying, dean of the School of Economics at Renmin University of China, said at the annual meeting of the China Wealth Management 50 Forum on Friday.

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