CNN CNN Newsroom Live June 4, 2024 04:24:00
Pandemic began two years ago. so that's why even though the official or state media takeaway or headline from the announcements earlier is that the 4.8% gdp growth for the first quarter, you really have to dive a bit deeper. first of all, their gdp growth target for the entire year is 5.5, around 5.5%. so this figure is shy of that. and then of course the growth target for the year was set before the current wave of covid infections and lockdown in shanghai. so the direct impact of those increasingly draconian lockdown measures in china's biggest city and its financial and business hub is real...