CNN International

China's economy records slowest pace of growth since Covid in 2020

China's economy recorded its worst quarterly performance in over two years, after months of harsh Covid lockdowns wreaked havoc on the country.

The gross domestic product in the world's second largest economy expanded 0.4% in the three months to June 30, compared with the same period last year, according to the National Bureau of Statistics on Friday. That was sharply lower than the 4.8% increase it registered in the previous quarter and missed the 1% growth estimated by economists in a Reuters poll.

On a quarterly basis, GDP shrank 2.6% in the second quarter. read more

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409 viewsJul 15, 2022 at 05:02

China's economy records slowest pace of growth since Covid in 2020

China's economy recorded its worst quarterly performance in over two years, after months of harsh Covid lockdowns wreaked havoc on the country.

The gross domestic product in the world's second largest economy expanded 0.4% in the three months to June 30, compared with the same period last year, according to the National Bureau of Statistics on Friday. That was sharply lower than the 4.8% increase it registered in the previous quarter and missed the 1% growth estimated by economists in a Reuters poll.

On a quarterly basis, GDP shrank 2.6% in the second quarter. read more

BY CNN International