China's Q2 GDP Misses Estimates, Urgency for Policy Support Grows
TL;DR Summary
China's economy grew at a frail pace in the second quarter, with GDP expanding just 0.8% q/q and 6.3% y/y, raising pressure on policymakers to deliver more stimulus to shore up activity. The weak data, coupled with slowing demand at home and abroad, has heightened the urgency for additional policy support. However, policymakers are cautious about aggressive stimulus due to concerns over debt risks. The risk of China missing its 5% growth target for 2023 has also increased.
- China's frail Q2 GDP growth raises urgency for more policy support Reuters
- China reports second-quarter GDP miss, another record high in youth unemployment CNBC
- China GDP Grows 6.3% in Second Quarter, Misses Estimate Bloomberg Television
- US Dollar Finds Traction While China GDP Misses Estimates. Where to for USD? DailyFX
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