The world’s second-largest economy may have contracted in the three months ending in June, experts say, though Beijing is likely to report modest growth.
The Washington Post reports:
FUZHOU, China — China is set to report a grim second-quarter economic performance on Friday, adding to concerns about the prospect of a global recession, after coronavirus lockdowns in major cities hobbled trade and daily life.
“The government will not acknowledge a contraction,” said Max Zenglein, chief economist at the Mercator Institute for China Studies. He added, “The further growth is from zero, the less credible the official figure will be.”
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