COVID lockdowns lead to second sharpest decline in China's economy

Hong Kong, May 5 (ANI): China's COVID-19 lockdowns have hit its economy as Beijing's gigantic services sector just contracted at the second sharpest pace on record.

Businesses in the world's second-largest economy were already grappling with rising energy and raw material costs, when COVID lockdowns hamstrung their operations further, reported CNN.

The Caixin purchasing managers' index, a closely-watched indicator for ass