China GDP Growth Slows to 4.3%, Misses Target

China’s GDP growth of 4.3% in the second quarter marked the weakest quarterly performance in three years, disappointing forecasts.

The slowdown is driven by a persistent property downturn and the impact of rising oil prices from the Iran conflict.

While first-half growth of 4.7% was reported, analysts warn of headwinds from weak domestic demand.

The government is under pressure to implement further stimulus to stabilize the economy.