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China's Q2 GDP growth falls short, youth unemployment hits record high

1 min read
Source: CNN
China's Q2 GDP growth falls short, youth unemployment hits record high
Photo: CNN
TL;DR Summary

China's economy grew by 6.3% in the second quarter compared to a low base, but momentum has slowed since the strong reopening in the first quarter. GDP only grew 0.8% from April to June, below expectations. Retail sales increased by 3.1% in June, the slowest growth since December, while industrial output expanded by 4.4%. Youth unemployment reached a record high of 21.3% in June.

Topics:top-news#china#economic-growth#economy#gdp#retail-sales#youth-unemployment
Share this article
  1. China’s economy grows 6.3% in Q2 compared with low base  CNN
  2. China reports second-quarter GDP miss, another record high in youth unemployment  CNBC
  3. China GDP Grows 6.3% in Second Quarter, Misses Estimate  Bloomberg Television
  4. China’s Second-Quarter G.D.P. Shows Post-Covid Rebound Faltered  The New York Times

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