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Beijing reported a 4.8% growth for the first quarter, a modest increase over the previous quarter's 4%. The country's economy has been stalling amid coronavirus outbreaks.
BEIJING, April 18 — China’s economy slowed in March as consumption, real estate and exports were hit hard, taking the shine off faster-than-expected first-quarter growth numbers and worsening an outlook already weakened by Covid-19 curbs and the Ukraine war. The biggest near-term challenge for...
The slowdown hurts China’s trading partners by depressing demand for oil, steel, consumer goods, food and other imports.
With outbreaks showing no signs of ending and Chinese President Xi Jinping doubling down on his strict "COVID zero" approach, the economy is in for more pain in the second quarter.
BEIJING — China's economic growth edged up to a still-weak 4.8% over a year earlier in the first three months of 2022 as industrial cities shut down to fight coronavirus outbreaks, threatening to disrupt global trade and manufacturing. Growth in the world's second-largest economy crept up from th