ArrowArtboardCreated with Sketch.Title ChevronTitle ChevronIcon FacebookIcon LinkedinIcon Mail ContactPath LayerIcon MailPositive ArrowIcon Print

China posts weakest quarterly growth in 2 years on COVID lockdowns

Shanghai lockdown flattens second quarter growth to 0.4% from a year earlier

The Yangshan Deep Water Port in Shanghai. China's economy eked out a 0.4% year-on-year expansion in the second quarter, slowing sharply from the first quarter.   © Reuters

SHANGHAI -- China posted its weakest quarterly growth in two years on Friday as COVID-19 lockdowns in major cities, including the financial capital of Shanghai, hit factory output and consumer activity.

The world's No. 2 economy contracted 2.6% in the April-June period on a quarter-over-quarter basis, and it eked out a tepid 0.4% expansion from the second quarter a year earlier.

Sponsored Content

About Sponsored Content This content was commissioned by Nikkei's Global Business Bureau.

Nikkei Asian Review, now known as Nikkei Asia, will be the voice of the Asian Century.

Celebrate our next chapter
Free access for everyone - Sep. 30

Find out more