China's economy grows at weakest rate in Q2 since Coronavirus outbreak

China's economy experienced its
worst quarterly performance in more than two years, falling short of forecasts
as the country failed to recover from the coronavirus outbreak last spring.

The Chinese National Bureau of
Statistics said Friday that GDP increased at an annual
pace of 0.4% from April to June. This was much lower than the 4.8% gain
recorded in the previous quarter.

The WSJ polled economists who predicted
that China's GDP will increase by 0.9%. GDP fell 2.6% in the second quarter
as compared to the previous quarter. 

Devastation from lockdowns