China Reports Weakest GDP Growth Since 2022
China has reported year-on-year GDP growth of 4.3%, its lowest since 2022. The country is seeing a trend of uneven GDP growth as slow domestic consumption and a long-troubled real estate market offset strong exports, especially in AI. Beijing could announce plans for an economic stimulus package at the end of July.
China GDP Growth
REPORTER:
China has reported its weakest GDP growth since 2022, driving expectation for an economic stimulus package.
China’s economy grew just 4.3 percent year-on-year in the second quarter. The figure came in below analysts’ forecasts and Beijing’s official target for 2026. China is seeing a trend of uneven growth as slow domestic consumption and a long-troubled real estate market offset strong exports, especially in AI.
Chinese officials are expected to reveal possible economic stimulus plans in late July.
