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hello there. a significant easing of restrictions in shanghai, which will allow most people to move freely around the city after more than two months of a full lockdown. hooray! the curbs on movement have crippled demand and production. on tuesday, beijing unveiled a stimulus package with 33 measures to try and revive the economy. but china s overall policy of zero covid remains very much in place according to our reporters on the ground. joining me now is iris pang, who is the chief economist at ing wholesale banking. iris, is china open for business? yes, it is. the unwinding of long down in shanghai is a very big step but lockdown is a very big step to the recovery of china. very big step to the recovery of china- very big step to the recovery of china. ~ ., i. ., ~ ., of china. what you make of the olicies of china. what you make of the policies john of china. what you make of the policies john has of china. what you make of the policies john has had of chi ....
Balance of life and economic growth for the chinese government. so they chose lives overgrowth. so i think there is no right or wrong here, but in terms of gdp growth, the central government and also the local level, they are providing a lot of stimulus, and more is coming. a lot of stimulus, and more is cominu. , . ., , a lot of stimulus, and more is cominu. ,. ., , ., a lot of stimulus, and more is cominu. ,. . , ., , coming. yes, certainly more is cominu. coming. yes, certainly more is coming- 33 coming. yes, certainly more is coming. 33 measures - coming. yes, certainly more is l coming. 33 measures announced on tuesday. there s a good degree of schadenfraude in the west about china. and it s faltering over the last couple of months. is the country still an economicjuggernaut? cannot live the world out of the prospect of another global recession? recession? the first thing is that china recession? the first thing is that china is recession? the first thing is that china is c ....