China’s economic growth falls to 0.4% amid virus shutdowns
China’s economic growth falls to 0.4% amid virus shutdowns
China’s economic growth plunged to 0.4 per cent over a year earlier in the latest quarter after Shanghai and other cities were shut down to fight coronavirus outbreaks, but the government said a “stable recovery” is underway.
The world’s second-largest economy shrank by 2.6%, compared with the January-March period’s already weak quarter-on-quarter rate of 1.4%, official data showed Friday.…