Financial TimesFinancial Times

Xi Jinping’s plan to reset China’s economy and win back friends

By Sun Yu, Xinning Liu, James Kynge

10 Jan 2023 · 10 min read

Editor's Note

China's chaotic exit from its zero-Covid strategy is worsening the already declining growth and ailing property market, says the FT, but Beijing will attempt to improve ties with its trading partners.

The costs of China’s chaotic exit from its zero-Covid strategy are surging. In spite of a virtually static official death toll, a slew of obituaries for elderly public figures from academics to opera singers demonstrate the impact of the virus among its vulnerable population.

Hospitals in several parts of the country are overwhelmed, and a scramble for antiviral drugs and painkillers is creating shortages across Asia. Unofficial projections are putting the number of people that could die in China’s exit wave at about 1mn.

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