China’s Zero-Covid policy – timing, benefits, costs and impact

As more countries opt for ‘living with Covid’, China is sticking with a ‘zero Covid’ policy (ZCP) that has brought significant benefits, although not without costs. China may soon be approaching a turning point where the costs outweigh the benefits. Why is Beijing still pursuing this policy? Is it going to make any changes soon? And what are the effects on China and the global economy?