In the second quarter of 2022 China’s gross domestic product (GDP) grew a measly 0.4% compared to the same period last year.
China’s economy witnessed a major slowdown in growth in the second quarter of 2022, according to official data published on Friday, an outcome that is likely to raise fresh questions about the feasibility of the country’s “zero-Covid” strategy which has caused severe economic disruption during this period including a near two-month lockdown of its financial hub Shanghai.
With the exception of a 6.9% decline in GDP in the first quarter of 2020 caused by the start of the pandemic, the 2022 second quarter numbers are China’s worst ever since the current data tracking began in 1992,
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