China's Economic Growth Slows, Increasing Pressure for Stimulus
TL;DR Summary
China's economic growth slowed to 4.7% in the second quarter, the worst pace in five quarters, due to weak consumer spending despite an export boom. This slowdown adds pressure on policymakers to provide more support at an upcoming economic meeting. Retail sales also saw the slowest growth since December 2022, indicating that government efforts to boost consumer confidence have been largely ineffective.
- China’s Economic Growth Comes in Worse Than Expected, Adding Pressure on Xi Bloomberg
- China’s Economy Slows Sharply as Housing Troubles Squeeze Spending The New York Times
- China’s economic growth slows amid weak retail spending The Guardian
- China reports second-quarter GDP growth of 4.7%, missing expectations CNBC
- China's economy falters, raises pressure for more stimulus Reuters
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