China is battling its worst coronavirus outbreaks in more than two years, with the lockdowns of both Shanghai and Beijing particularly damaging ahead of the politically crucial 20th national congress later this year. Photo: AFP
China’s economic risks ‘tilted to downside’, coronavirus-induced contraction ‘most severe’ since 2020 outbreak
- Industrial production fell by 2.9 per cent from a year earlier in April, while retail sales fell by 11.1 per cent last month
- Fixed-asset investment rose by 6.8 per cent in the January-April period, while the surveyed jobless rate rose to 6.1 per cent last month
China is battling its worst coronavirus outbreaks in more than two years, with the lockdowns of both Shanghai and Beijing particularly damaging ahead of the politically crucial 20th national congress later this year. Photo: AFP
