China growth at two-year low over Covid, property woes

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by Beiyi Seow  Agence France-Presse BEIJING, China (AFP) — China logged its slowest economic growth since the initial Covid outbreak, official data showed Friday, expanding just 0.4 percent in the second quarter with lockdowns and property market weakness nudging a government target further out of reach. Beijing has dug its heels in on a zero-Covid policy of stamping out virus clusters as they emerge with snap lockdowns and long quarantines, but this has battered businesses […]