scorecardresearch Dismal GDP data but China stocks rise; Here's why

Dismal GDP data but China stocks rise; Here's why

Updated: 15 Jul 2022, 08:42 AM IST
TL;DR.
Gross domestic product (GDP) rose 0.4% year-on-year in the second quarter, missing expectations, official data showed, as widespread lockdowns to curb record COVID cases hit industrial activity and consumer spending.
FILE PHOTO: FILE PHOTO: A man wearing a protective mask is seen inside the Shanghai Stock Exchange building at the Pudong financial district in Shanghai, China February 28, 2020. REUTERS/Aly Song/File Photo/File Photo

FILE PHOTO: FILE PHOTO: A man wearing a protective mask is seen inside the Shanghai Stock Exchange building at the Pudong financial district in Shanghai, China February 28, 2020. REUTERS/Aly Song/File Photo/File Photo