China's economy contracted sharply in the second quarter after being impacted by COVID-19 lockdowns that took place in many cities during the pandemic.
China's lockdowns imposed during the coronavirus pandemic took a major toll on the country's growth.
Second quarter and annual growth slowed drastically showing the impact on industrial production and consumer spending.That compares with expectations for a 1.5% decline and a revised 1.4% gain in the previous quarter. FILE - A worker operates a machine for knitting socks in a factory in Funan county in central China's Anhui province. China's economic growth plunged to 0.4% over a year earlier in the latest quarter, officials announced Friday.
On a year-on-year basis, GDP in the April-June quarter grew a tepid 0.4%, missing forecast of a 1.0% gain, according to a Reuters poll of analysts.
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