World Bank slashes economic growth forecasts for China

Earlier post:

• World Bank gets on the bandwagon - forecasts China growth rates below Asia's

Some of the numbers and reasoning from the Bank:

• 2022 growth in the East Asia and Pacific region, which includes China, to slow to 3.2%, down from its 5.0% forecast in April
• weaker forecast was due mainly to a sharp slowdown in China, caused by its strict zero-COVID rules that have disrupted industrial production, domestic sales and exports, the World Bank said
• China, which constitutes 86% of the 23-country region's economic output, was projected to grow 2.8% this year, a significant deceleration from the bank's previous forecast of 5.0%.