URGENT: China's economy grows 4.8% in 1st quarter amid "zero COVID" policy

Politics Economy Society

China's economy grew 4.8 percent from a year earlier during the January to March period, official data showed Monday, but the economic outlook has become dimmer due largely to the country's radical "zero COVID" policy. The year-on-year gross domestic product figure was worse than the government's growth target of around 5 percent for this year, underscoring that the world's second-biggest economy has been slowing faster than expected. China's economy is certain to continue facing downward pressure with tough restrictions to combat the novel coronavirus pandemic weighing on domestic demand and ...

Kyodo News

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