Published: July 18th, 2023,
Last updated: July 18th, 2023
6.3 percent economic growth – that actually sounds pretty decent. And yet analysts are not pleased. After all, the impressive figure is based on a comparison with the second quarter of 2022, when large parts of the country, including the financial metropolis of Shanghai, experienced harsh Covid lockdowns. China’s economy grew by a mere 0.8 percent in the second quarter compared to the first quarter of the year. So economic recovery remains absent in the Far East as well.