businessSource: CNBCPublished
China's Economy Slows to 4.3% Growth in Q2
business · CNBCChina's economy grew at its weakest pace in over three years, with a 4.3% expansion in the second quarter. The slowdown was driven by a decline in urban fixed-asset investment and subdued consumption. Despite this, retail sales and industrial output showed signs of improvement in June.
At a glance
- China's economy expanded by 4.3% in Q2, its weakest pace since 2022.
- Urban fixed-asset investment declined 5.7% in the first six months, missing expectations.
- Retail sales and industrial output showed signs of improvement in June, with growth rates exceeding forecasts.