China’s GDP declined sharply in Q2 to 0.4% (YoY). Apart from the first quarter of 2020 during the initial covid outbreak, this quarter registered the slowest growth since the data series first started in 1992. The decline can primarily be attributed to the aftermaths of widespread lockdowns imposed under March and April.
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In January 2023 Asia Perspective was acquired by global financial services company ARC Group and was renamed as ARC Consulting. This is an archived article preserving reports from Asia Perspective’s history. For the latest news from ARC Group and ARC Consulting, visit our News & Insights page.
