Efforts to quash COVID infections brought factory production and consumer spending to a crawl.
Health workers perform Covid-19 swab tests on residents in Shanghai earlier this month. Photo: Qilai Shen/Bloomberg via Getty Images
China's economy managed to avoid a contraction by this measure, according to its government data — but recorded the slowest pace of growth since the beginning of 2020, when COVID initially spread in the country.By a different measure, the economy contracted 2.6% quarter-over-quarter in the April-June period.: Lockdowns in China were felt across the world, as delayed shipments of goods to other countries compounded the supply chain snarls that have pushed up inflation.
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