HONG KONG – China’s economy plunged deeper into the Covid-induced doldrums last month, raising questions about whether Beijing’s planned stimulus measures can stave off a recession. prolonged or not.
Consumer spending and factory output fell in April, while growth in infrastructure investment – which Beijing believes to spur growth this year – slowed sharply, the National Bureau of Statistics said. China reported on Monday.
https://www.wsj.com/articles/chinas-economic-distress-deepens-as-lockdowns-drag-on-11652703162 China’s Economic Distress Deepens as Lockdowns Drag On