BEIJING — China's economy contracted in the three months ending in June compared with the previous quarter after Shanghai and other cities shut down to fight coronavirus outbreaks, but the government said a "stable recovery" is under way after businesses reopened.
The world's second-largest economy shrank by 2.6%, down from the January-March period's already weak 1.4%, official data showed Friday. Compared with a year earlier, a measures that can hide recent fluctuations, growth slid to 0.4% from the earlier quarter's 4.8%.
