China has U-turned on almost all major policies it put in place in the last 3 years — and it's not surprising, given the state of its economy

• For the past few years, China has focused on zero-COVID, and reining in the tech and real-estate sectors to promote "common prosperity."
• But the country reversed some major policies in response to the abysmal GDP growth.
• China's GDP grew by 3% in 2022 — the worst since the chaotic Cultural Revolution ended. 

In recent months, China has pulled major U-turns on a series of political and economic policies.

Most recently, after three years of pandemic lockdowns and isolation, China abruptly reversed course and abolished its zero-COVID policy — leaving the world guessing why.