BEIJING, CHINA - AUGUST 27: A Chinese day trader reacts as he watches a stock ticker at a local brokerage house on August 27, 2015 in Beijing, China. A dramatic sell-off in Chinese stocks caused turmoil in markets around the world, driving indexes lower and erasing trillions of dollars in value. China's government has implemented a series of top-heavy measures to manipulate a market turnaround including its fifth cut to interest rates since November. Concerns about the overall health of China's economy remain amid data showing slower growth. (Photo by Kevin Frayer/Getty Images)
China's economy headed downward as lockdowns tighten
China's economy is worsening as Shanghai reports three Covid deaths amid strict lockdown measures. CNN's Steven Jiang reports how the recent deaths may be putting authorities in a bind amid the country's zero Covid policy and how the lockdown is starting to dampen the city's economic growth.
03:01 - Source: CNNBusiness
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BEIJING, CHINA - AUGUST 27: A Chinese day trader reacts as he watches a stock ticker at a local brokerage house on August 27, 2015 in Beijing, China. A dramatic sell-off in Chinese stocks caused turmoil in markets around the world, driving indexes lower and erasing trillions of dollars in value. China's government has implemented a series of top-heavy measures to manipulate a market turnaround including its fifth cut to interest rates since November. Concerns about the overall health of China's economy remain amid data showing slower growth. (Photo by Kevin Frayer/Getty Images)
China's economy headed downward as lockdowns tighten
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BEIJING, CHINA - MAY 12: People line up outside a supermarket to buy food after a rumour of an impending COVID-19 lockdown that was denied by officials was posted to social media on May 12, 2022 in Beijing, China. China is trying to contain a spike in coronavirus cases in the capital Beijing after hundreds of people tested positive for the virus in recent weeks, causing local authorities to initiate mass testing, mandate proof of a negative PCR test within 48 hours to enter many public spaces, to close schools and retail stores, ban gatherings and inside dining in all restaurants, and to lockdown many neighbourhoods in an effort to maintain the country's zero COVID strategy. (Photo by Kevin Frayer/Getty Images)
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BEIJING, CHINA - JANUARY 13: A man is given a nucleic acid test for COVID-19 by a health worker at a private testing site on January 13, 2022 in Beijing, China. While China has mostly contained the spread of COVID-19 during the pandemic, and even though cases remain relatively low, recent outbreaks of the virus including the emergence of the highly contagious Omicron variant have prompted the government to lockdown nearly 20 million people in various major cities and to reinforce stricter health measures. Mask mandates, mass testing, immunization boosters, quarantines, some travel restrictions and bans and lockdowns have become the norm as China continues to maintain its zero-COVID policy. China's capital city Beijing, has been put on high alert as it prepares to host the Beijing 2022 Winter Olympics and Paralympics which open next month. (Photo by Kevin Frayer/Getty Images)
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