Shanghai Lockdown Adds to China’s Economic Woes

HONG KONG—The lockdown of one of China’s largest and most prosperous cities is the latest blow to the country’s economic fortunes, adding new risks to Beijing’s ambitious growth target in a politically sensitive year for leader Xi Jinping.

Shanghai on Monday entered a phased lockdown in an effort to curb the biggest jump in Covid-19 cases since the initial outbreak in Wuhan two years ago.

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