China’s economy records 0.4% growth, weakest since Wuhan lockdown

SINGAPORE — China recorded its weakest growth rate in more than two years, a measure of the cost to the world’s second-largest economy of Beijing’s zero-tolerance approach to Covid-19.

Gross domestic product grew at an annual rate of 0.4% between April and June, China’s National Statistical Office said on Friday. It was the worst performance since the first quarter of 2020, when the pandemic first erupted and the economy shrank 6.9% after the central Chinese metropolis Wuhan became the first city in the world to lock down to stem the spread of Covid-19. Economists polled by The Wall Street Journal had predicted that China’s economy would grow 0.9%.

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