China’s economy slows sharply, fanning global recession fears
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China has recorded its slowest economic growth since 2020. The slump is being blamed on its zero-tolerance COVID-19 policy, which has interrupted industry and flattened consumer spending. Second-quarter GDP grew just 0.4 percent, compared to the same period last year. Economists warn the government’s full-year growth target of 5.5 percent is out of reach. Al Jazeera’s @Adrian Brown reports from Hong Kong. – Subscribe to our channel: http://aje.io/AJSubscribe – Follow us on Twitter: https://twitter.com/AJEnglish – Find us on Facebook: https://www.facebook.com/aljazeera – Check our website: https://www.aljazeera.com/ @AljazeeraEnglish #Aljazeeraenglish #News #China #Economy #Recession #COVID19