From property to lockdowns, what to watch in China’s second half

Careful navigation: A worker producing containers at a factory in Nantong, China. Economists are watching with an eagle eye how the government handles the coronavirus outbreaks and property market. — AFP

SHANGHAI: China’s economic outlook for the second half of this year will be determined by the government’s shaky control over coronavirus outbreaks and the property market.

Early signs look negative. Daily covid cases have risen to the highest level since May, leading to more local lockdowns.