China Q2 growth slows sharply and misses target as domestic demand weakens
China's economy grew by 4.3% in the second quarter of the year, official figures showed, marking a sharp slowdown from the 5% expansion recorded in the first quarter. The result fell below Beijing's annual growth target and came as weak domestic demand and the impact of the Iran war on oil prices weighed on activity. The data covers the period from the start of April to the end of June and is the first full quarter since the war began on 28 February.The figures were released alongside other indicators suggesting a mixed picture for the world's second-largest economy. Exports rose... [Continue Reading]
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