Biggest Asian country China’s economy shredded sharply in the second quarter of the year 2022 as a result of Corona virus widespread which causes lockdowns hits major businesses and consumers.
Gross domestic product (GDP) of China fell by the lowest 2.6% in the three months to the end of June from the previous quarter.
This happened because the Major cities across China, including the major capital holders and manufacturing centre city Shanghai, were put into full or partial lockdowns during this pandemic.
So it proposes a zero covid policy to ensure the expansion of the country’s wealth and resources.
Policy ensures the china’s one of the gambling city Macau must shut their casinos and pubs.
China is worried because , On its year-on-year basis, the world’s second-largest economy expanded by 0.4% in the April-June quarter, now misses the 1% expansion in the going year.
IMAGE FROM FLICKR.COM
NEWS FROM CRUCIAL NEWS GLOBAL
💫FOLLOW US FOR MORE UPDATES. ❌WE DO NOT HAVE IRRITATING AND SPAMMY NEWSLETTERS. ✅EVERYTHING IS AND WILL BE FREE FOREVER. SEE YOU AGAIN IN YOUR STORIES AND FEED 🙂
