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Economy

China economy hit in April as zero-COVID slams brakes on growth

Widespread lockdowns dent consumer spending; vehicle sales plunge

Tesla's factory in Shanghai temporarily shut most production amid citywide lockdowns.   © Reuters

SHANGHAI -- China's key economic data tumbled in April as virus lockdowns, including in the financial capital Shanghai, choked business activity, and unstable global commodity markets raised fears about growth. 

Full or partial shutdowns in dozens of cities dented consumer buying as millions were confined to their homes, while industrial production also took a hit as many factories were shuttered and supply chains were snarled.

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