China’s GDP growth slowed sharply in Q2 amid Covid outbreaks, recovery seen in June, real estate continued to weigh on economy

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China's economic growth slowed sharply in the second quarter of the year mainly due to the impact of the Covid outbreaks. Recovery in industrial production, investment and consumption were seen in June amid easing lockdown measures, though weakness in the real estate sector continued to weigh on the economy.

The country's GDP grew 0.4% in the quarter from a year earlier, according to data released by the National Bureau of Statistics (NBS) on Friday, marking the weakest since the second quarter of 2020 and . . .

 

 

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