Bloomberg: China Cracks…

While economists generally agreed that the Covid lockdown affected April data is probably a bottom, few anticipate the kind of rapid recovery seen in 2020.

And that’s because China’s Covid-zero strategy is set to keep the brakes on the economy, even as policy makers apply the gas with stimulus.

That leaves the world’s second-largest economy’s fate hanging as much in the hands of its epidemiologists as its economic officials.