New coronavirus outbreaks in China’s rust belt spark fears for struggling provincial economies

New lockdowns imposed to contain coronavirus outbreaks in China’s north-easterly rust belt region have sparked fears for the economic well-being of some of the country’s poorest provinces.Clusters of new coronavirus cases have sprang up in the provinces of Heilongjiang, Jilin and Liaoning, emphasising the risk facing the wider Chinese economy as Beijing continues its efforts to kick-start the US$14 trillion juggernaut after nationwide shutdowns in the early months of the year.The spate of new…

from South China Morning Post https://www.scmp.com/economy/china-economy/article/3084251/coronavirus-new-outbreaks-chinas-rust-belt-spark-fears