Beijing’s policy of imposing lockdowns in entire cities or regions to squash Covid-19 has depressed spending, investment and manufacturing activity
SINGAPORE—China recorded its weakest growth rate in more than two years, a measure of the costs imposed on the world’s second-largest economy by Beijing’s zero-tolerance approach to Covid-19.
Gross domestic product expanded at a 0.4% annual rate in the April to June period, China’s National Bureau of Statistics said Friday. That was the worst performance since the first quarter of 2020, when the pandemic first erupted and
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