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Jul 15, 2022

The economic cost of China’s zero-COVID policy

China’s strict COVID lockdowns have kept cases largely under control there. But at what cost? Today we got a snapshot from second-quarter GDP growth numbers. Plus, we break down the latest retail sales numbers with FHN Financial’s Christopher Low. Also, Sen. Joe Manchin of West Virginia appears to have spoiled the next part of the Biden administration’s economic agenda. And, a look back at how the housing shortage in the U.S. has gotten so dire.

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COVID-19 restrictions in China make it hard to attract new overseas investment and foreign talent, a member of the European Union chamber of commerce in China says.
Hu Chengwei/Getty Images

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Segments From This Episode

We consumers are spending more for less
Christopher Low, chief economist at FHN Financial, has more.
China's GDP growth slows in Q2
Marketplace’s China correspondent Jennifer Pak has the story.
Manchin says he will oppose a Biden economic package that addresses climate or raises taxes
Marketplace’s Nancy Marshall-Genzer reports.
The U.S. housing shortage has doubled in less than a decade, report finds
by Samantha Fields
David Paul Morris/Getty Images
A big part of the problem? A lack of new construction and municipal zoning laws that discourage or prohibit multifamily homes.

The Team

David Brancaccio Host
Victoria Craig Host, BBC
Stephen Ryan Senior Producer, BBC
Jonathan Frewin Producer, BBC
Meredith Garretson Morbey Senior Producer
Alex Schroeder Producer
Erika Soderstrom Producer
Redmond Carolipio Digital Producer
Ariana Rosas Producer
Jarrett Dang Digital Producer (gone fishing)
Jesson Duller Media Producer
Brian Allison Technical Director

Marketplace®

Subscribe:

The economic cost of China’s zero-COVID policy

Subscribe:

Segments From This Episode

We consumers are spending more for less

China's GDP growth slows in Q2

Manchin says he will oppose a Biden economic package that addresses climate or raises taxes

The U.S. housing shortage has doubled in less than a decade, report finds

The Team