China's Q2 GDP Growth Slows to 4.3%, Weakest Since 2022
China's economic growth slowed to 4.3% year-on-year in the second quarter, the weakest pace since late 2022, according to official data. The figure fell short of market expectations and Beijing's full-year target range of 4.5% to 5%, driven by weak domestic demand, a prolonged property slump, and sluggish consumer spending. While exports have provided some support, the widening gap between external and internal demand highlights the fragility of the recovery. The slowdown intensifies pressure on policymakers ahead of the upcoming Communist Party meeting, where additional fiscal stimulus measures are expected to be discussed to bolster the economy.
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