China's economy grows at slowest pace in more than two years.

China's economy grew by 0.4% in the first quarter of 2023, the slowest pace since 2020. The slowdown was due to a number of factors, including the COVID-19 pandemic, the war in Ukraine, and government restrictions on economic activity.

The COVID-19 pandemic has had a significant impact on China's economy. The country's zero-tolerance policy for the virus has led to lockdowns and other restrictions that have disrupted businesses and dampened consumer spending.

The war in Ukraine has also had a negative impact on China's economy. The war has disrupted global supply chains and led to higher energy prices, which has put pressure on businesses and consumers.

In addition, the Chinese government has imposed a number of restrictions on economic activity in recent months. These restrictions have been aimed at curbing inflation and preventing a property bubble, but they have also weighed on economic growth.

The slowdown in China's economy is a major concern for the global economy. China is the world's second-largest economy, and its slowdown could have a ripple effect on other economies around the world.

The Chinese government is taking steps to try to boost economic growth. The government has cut interest rates and increased spending, and it is considering other measures such as tax cuts. However, it is unclear whether these measures will be enough to prevent a further slowdown in China's economy.