Chinese growth in second quarter weakest since Covid-19 era
Official data released on Wednesday shows China's GDP grew 4.3% in the second quarter, compared to a year prior.
The last time quarterly growth was that weak was in late 2022, when China was feeling the impact of the Covid pandemic.
Slow consumer demand, despite a surge in exports, helps explain the slowdown.
Also in this edition, Gibraltar's business community breathes a sigh of relief as the physical border between the British overseas territory and Spain is removed.
China GDP Growth Slows to 4.3%, Misses Target
- China’s economy grows at slowest pace in years despite AI and EV boom The Globe and Mail —
- China’s economy grows at one of its lowest rates on record The Guardian —
- China’s economy slows to weakest quarterly growth in 3 years Fortune —
- China's growth slides as fears grow over unbalanced economy 📹 Reuters — · 1min
- China’s economy slows, exposing widening divide between exports and domestic demand The Straits Times —