China’s economy slows as ‘zero COVID’ drags down sales, industry
China’s economy slowed in July as Beijing’s ultra-strict “zero COVID” policies dragged down key metrics ranging from retail sales to industrial output.
Retail sales and industrial output grew 2.7 percent and 3.8 percent, respectively, compared with a year ago, National Bureau of Statistics (NBS) data showed on Monday, down from the previous month and far short of analysts’ forecasts.
To read more: https://www.aljazeera.com/economy/2022/8/15/chinas-economy-slows-as-zero-covid-drags-down-sales-industry
SOURCE: AL JAZEERA