China’s economy shrinks 2.6% during virus shutdowns

China’s economy contracted in the three months ending in June compared with the previous quarter after Shanghai and other cities shut down to fight coronavirus outbreaks (Ng Han Guan/AP)

China’s economy contracted in the three months ending in June compared with the previous quarter after Shanghai and other cities shut down to fight coronavirus outbreaks.

But the government said a “stable recovery” is underway after businesses reopened.