TRAVEL RESTRICTIONS
On Wednesday, Wu Zunyou, chief epidemiologist at the Chinese Center For Disease Control and Prevention, said that the epidemic situation would improve soon if China strictly implements existing COVID measures. Shanghai-based Bank of Communications cut its forecast for China's first-quarter GDP growth from 5 per cent to 4 per cent, with the drop coming solely from slowing activity in March, said senior economist Tang Jianwei.
Dan Wang, chief economist at the Hang Seng Bank China in Shanghai, said the primary ripple effect for now from the city's lockdown was in the financial and legal services sector.
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