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Slowing China Drags Global Economic Recovery

Chinese economy barely avoided a contraction, the recent numbers show. A brief look at what contributed to the slowdown and what it means for the global economy.

Job seekers queue nearly 100 meters outside a registration office for physical examination in Shanghai
SHANGHAI, CHINA - JUNE 29, 2022 - Job seekers queue nearly 100 meters outside a registration office for physical examination in Shanghai, China. Many employment enterprises and companies require applicants to complete entry physical examination before recruiting employees. Earlier, according to the National Bureau of Statistics, young people's employment pressure is prominent, the unemployment rate of 16 to 24 years old recorded 18.4 percent in May. (Photo CFOTO/Future Publishing via Getty Images)

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