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Al Jazeera
Al Jazeera
Business

China’s economy slows sharply, fanning global recession fears

China's economy grew 0.4 percent in the second quarter, well below expectations [File: Johannes Eisele/AFP]

China’s economy grew at the slowest pace since the start of the COVID-19 pandemic in the second quarter, highlighting the punishing economic toll of Beijing’s stringent “dynamic zero COVID” strategy.

The world’s second-largest economy expanded just 0.4 percent year on year between April and June, official data showed on Friday, as lockdowns across the country stifled industrial production and consumer spending.

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