Beijing, July 15: China’s economy contracted in the three months ending in June compared with the previous quarter after Shanghai and other cities were shut down to fight coronavirus outbreaks, but the government said a “stable recovery” is under way.
The economy shrank by 2.6 per cent, compared with the January-March period’s already weak quarter-on-quarter rate of 1.4 per cent, official data showed Friday. Compared with a year earlier, which…