China’s National Bureau of Statistics has reported growth of only 0.4% in the country’s economy in the second quarter of 2022. It grew by 4.8% in the first quarter. 

The bureau gave a figure of 2.5% growth for the first six months of the year. The central government has set a target of 5.5% growth for the full year.

Lockdowns in major cities, including Shanghai, from March to May, have contributed to the slowdown.

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