China Records Slowest GDP Growth in 4 Years
Weak consumption and a property slump offset strong exports, while fixed-asset investment fell 5.7% in the first half, official data showed.
- China's National Bureau of Statistics reported Wednesday that the economy expanded 4.3% year-on-year in the April-June quarter, marking a sharp slowdown from 5.0% growth in the January-March quarter.
- Weak domestic demand and a prolonged property slump weighed on growth, creating a divergence where manufacturing and Exports outperformed while consumer spending remained sluggish, according to Economists.
- Exports rose 17.6% in the first half of the year while industrial output increased 5.3% and retail sales grew 1.0%, highlighting the country's reliance on manufacturing to sustain momentum.
- ZHANG, Chief Economist at PINPOINT ASSET MANAGEMENT in Hong Kong, said the government is "still on track" to meet its 4.5%-5% target and "will likely remain strong in the short term."
- A Reuters poll expects China's expansion to ease to 4.4% by 2027 as global demand cools, though the International Monetary Fund recently raised its 2026 forecast to 4.6%.
185 Articles
185 Articles
How Long Has China’s Economy Been This Weak?
China surprised everyone Tuesday night by acknowledging GDP growth well below 5 percent. The official rate is 4.3 percent for the second quarter and 4.7 percent for the first half, to just over $10.1 trillion. More interesting than most such announcements, but not especially important. The important question is whether the true situation is somewhat worse than headline growth suggests, or much worse. Nominal GDP gained 5.3 percent for the first …
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The Chinese economy slowed down more than expected in the second quarter, with a deterioration that deepens doubts about the sustainability of its growth model. China’s GDP grew by only 4.3% between April and May, two tenths below expected and half a point less than in the first three months of the year. It is not usual for China’s National Bureau of Statistics to reveal figures that certify the weakness of its economy and threaten the growth go…
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