News Snapshot:
[Economy & Business] Economic growth in China slowed sharply last quarter — with the economy expanding 0.4% from a year ago, the government said — as the country’s "zero COVID" policy spurred lockdowns in major cities that lasted for much of the three-month period. Why it matters: Aggressive efforts to stamp out COVID-19 infections brought factory production and consumer spending to a crawl in the world’s second-biggest economy. - China's economy managed to avoid a contraction by this measure, according to its government data — but recorded the slowest pace of growth since the beginning of 2020, when COVID initially...