China's economy expanded at a weaker pace in the second quarter hit hard by the strict zero-COVID policy, casting doubt over Beijing's ability to achieve its growth target of around 5.5 percent.
Gross domestic product grew only 0.4 percent on a yearly basis in the second quarter, following the first quarter's 4.8 percent expansion, data from the National Bureau of Statistics revealed Friday. GDP was expected to climb 1.0 percent.
Subscribe to continue reading the article.
This article is part of our premium content offering.Subscribe with a RTTNews subscription.
Subscribe NowAlready subscribed? Sign in
by Renju Jaya
For comments and feedback: contact editorial@rttnews.com