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New COVID outbreak clouds China's economic rebound

Goldman Sachs warns Q3 GDP growth could fall to zero as movement controls return

Lockdowns and travel controls have returned in recent days in China amid the country's biggest COVID outbreak of 2021.    © Reuters

SHANGHAI -- Sunday was the slowest weekend day for sales Shanghai fruit vendor Zhang Ming has seen since January.

"Our business barely had recovered to pre-COVID days and now customers are staying away because of the recent cases," he sighed.

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