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This report provides insights into China’s healthcare tech market, covering the latest news about government initiatives, industry dynamics, and macro environment trends.

China’s economic outlook reshaped under the COVID-19 lockdowns

Lockdown in Shanghai

On March 29, 2022, a strict lockdown was imposed in Shanghai to prevent the spread of the coronavirus, guided by the Chinese government’s Zero-COVID strategy. The whole city came to a standstill.

Residents were not allowed to leave their homes. The public transport system was stopped. Shops and factories were closed. Logistics in and out of Shanghai were drastically reduced.