The Chinese economy grew at its lowest rate since the beginning of the coronaviruses epidemic, putting into sharp relief the impact of a Covid-19 policy that continues to prompt widespread lockdowns and mass quarks, bringing some business activity to a halt
The economy expanded in the second quarter, according to the National Bureau of Statistics. In the first three months of 2020, China effectively shut down to fight the coronaviruses and its economy shrunk for the first time in 28 years.
The downturn that happened in 2020 was brief.
The Chinese economy recovered quickly thanks to virus restrictions that kept infections to a minimum. The current outlook isn't as good. Property and manufacturing are less reliable than they used to be.
The most recent economic downturn happened in April and May of this year, when Shanghai, China's largest city, went into lock down for almost two months. Workers were told to stay at home. Stores, restaurants and service providers were left without customers as hundreds of millions of consumers were shut in.
The supply chain was brought to a halt because of the delays at the port in Shanghai. The few factories that were open were able to stay open because they had workers live and sleep on site.
The government said retail sales fell in the second quarter from a year ago.
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