China's Economic Recovery from COVID-19 Turns Nightmarish

China's hopes for a swift post-pandemic economic recovery are being dashed as exports plummeted by 12% in June, factory activity shrinks, and deflationary risks loom. The country's GDP is expected to rise 7.3% in Q2, but this is a low bar due to last year's economic restrictions. Additionally, foreign direct investment has dropped significantly, adding to Beijing's growing concerns about the state of the economy.