China likely to report grim economic performance in second quarter ...Middle East

China's coronavirus lockdowns in major cities has affected trade and daily life causing the country to report a grim performance in the second quarter and increasing concerns of a global recession.China's economy may have contracted in the three months ending in June, The Washington Post newspaper reported citing experts, adding that it is likely that Beijing will report modest growth.Mercator Institute for China Studies' chief economist Max Zenglein said, "The government will not acknowledge a contraction.""The further growth is from zero, the less credible the official figure will be," Zenglein added.China's grim performance in the second quarter will be a setback for the country.Several c

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