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China's Q2 GDP Growth Slows to 4.7%, Missing Expectations

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Source: CNBC
China's Q2 GDP Growth Slows to 4.7%, Missing Expectations
Photo: CNBC
TL;DR

China's second-quarter GDP growth of 4.7% fell short of the expected 5.1%, with June retail sales also missing forecasts. However, industrial production exceeded expectations, growing by 5.3%. Urban fixed asset investment met expectations, but infrastructure and manufacturing investment growth slowed, and real estate investment continued to decline. The urban unemployment rate remained steady at 5%. Despite higher-than-expected export growth, weak domestic demand and credit data indicate ongoing economic challenges.

Topics:top-newseconomy#china#economic-growth#economy#gdp#industrial-production#retail-sales
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  1. China reports second-quarter GDP growth of 4.7%, missing expectations  CNBC
  2. China’s Economy Slows as Housing Troubles Squeeze Spending  The New York Times
  3. China's economy seen slowing in Q2 as stimulus calls grow  Reuters
  4. China Growth Weakens More Than Expected as Outlook Darkens  Bloomberg
  5. China’s Economy Slowed More Than Expected in Second Quarter  The Wall Street Journal

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