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More infrastructure is supposed to save growth

When China’s statistics bureau will present its second-quarter growth figures this Friday, it won’t have any good news in store, most analysts believe. The Shanghai lockdown and tough Covid measures in many other parts of the country have hit the economy hard. Meager growth of between 1 and 1.4 percent is expected. It would be the lowest quarterly GDP since the beginning of the pandemic when the Chinese economy suffered a massive slump and even shrank. In the first quarter of the year, the economy still grew by 4.8 percent.

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