China's economy slows sharply May 16, 2022

from World Business Report· ·

Amid a wave of Covid lockdowns, there has been a sharp slowdown in the Chinese economy. We hear from one Shanghai resident about the ongoing impact of lockdowns in the city. And we explore the potential impact on the global economy with the independent economist George Magnus. Also in the programme, McDonald's is selling its business in Russia, in response to the country's invasion of Ukraine. Anne McElvoy, executive editor of The Economist talks us through the fast food giant's history in Russia. International wheat prices have reached fresh record highs as an export ban by India threatens to squeeze …



Amid a wave of Covid lockdowns, there has been a sharp slowdown in the Chinese economy. We hear from one Shanghai resident about the ongoing impact of lockdowns in the city. And we explore the potential impact on the global economy with the independent economist George Magnus. Also in the programme, McDonald's is selling its business in Russia, in response to the country's invasion of Ukraine. Anne McElvoy, executive editor of The Economist talks us through the fast food giant's history in Russia. International wheat prices have reached fresh record highs as an export ban by India threatens to squeeze the world's wheat supply even further. We get a sense of how it could affect the world's largest wheat importer, Egypt, from Angy Ghannam, deputy editor of BBC Monitoring in Cairo. Plus, our regular workplace commentator, Pilita Clark, makes the case for staying quiet in work meetings. Today's edition is presented by Ed Butler, and produced by Faarea Masud, Sara Parry, and Gabriele Shaw.