China’s economy shrinks amid COVID-19 Lockdowns

China’s economy has contracted sharply in the second quarter of 2022, as widespread coronavirus lockdowns hit businesses and consumers.

Gross domestic product (GDP) fell by 2.6% in the three months to the end of June from the previous quarter, reports said.

Major cities across China, including the major financial and manufacturing centre Shanghai, were put into full or partial lockdowns during this period.

This comes as the country continues to pursue its “zero-Covid” policy.

The country’s once-booming property market is in a deep slump and the outlook for the global economy has weakened sharply in recent months according to analysis.

GDP measures the size of an economy.

BBC/Hauwa Abu