China 2nd qtr GDP grows real 6.3% on yr but COVID recovery slow

China's economy in the April-June period grew a real 6.3 percent from a year earlier, official data showed Monday, with the increase due largely to the figures coming off a low base caused by a two-month COVID lockdown in Shanghai in the corresponding period last year.The year-on-year growth in the gross domestic product of the world's second-largest economy accelerated from 4.5 percent in the previous quarter. But the quarter-on-quarter GDP expansion slowed to 0.8 percent from 2.2 percent, indicating the economy is recovering slowly from the grips of COVID-19.The National Bureau of Statist…READ FULL ARTICLE