News Snapshot:
China’s economy suffered a sharp slowdown in the second quarter of 2022, to the point of registering its worst performance since 2020as a result of the health restrictions due to covid-19 and the crisis affecting the real estate sector. The second largest economy in the world had a year-on-year growth of 0.4% between April and June, after registering 4.8% in the first quarter, according to official figures released on Friday by the National Statistics Office (ONE). This is the lowest figure since the first quarter of 2020, when covid-19 paralyzed activity in China, causing a 6.8% drop in GDP. The...
