News Snapshot:
China's economy in the first half of 2022 has shown resilience in the face of elevated pressures led by weakening global growth and ongoing pandemic, while recovery gathers momentum in June with COVID-19 outbreaks waning, according to several economists. The world's second-largest economy expanded 0.4 percent year-on-year in the second quarter, while half-year growth reached 2.5 percent, official data showed on Friday. China's economy has shown "great resilience" in the first half of 2022 under elevated pressure, Cheng Shi, chief economist at ICBC International said in a note. The Russia-Ukraine conflict and rate hikes from the Federal Reserve have dragged...
