China’s Economy Improves in June From Lockdown-Induced Slump

Shoppers in Shanghai return to a partially reopened Disney store this month. (Image: Getty)

Mon, 27 Jun 2022

China’s economy showed some improvement in June as covid restrictions were gradually eased, although the recovery remains muted. That’s the outlook based on Bloomberg’s aggregate index of eight early indicators for this month. The overall gauge returned to the neutral level after deteriorating for two straight months.Economic activity picked up in June after financial hub Shanghai lifted its lockdown, allowing businesses to restart and most residents to leave their homes. That can be seen in a rebound in small business co...

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