
China's economy is growing slower than expected
China’s economy grew slower than expected in the second quarter
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Summary
China’s economy grew slower than expected in the second quarter. The value of the new building properties sold fell by 13.6%. Retail sales increased by only 1.3 percent throughout the first half of the year.
Furthermore, It was the weakest quarterly growth since the end of 2022. In the first half of the year, China’s industrial companies produced 279.8 billion chips, an increase of 23.1 percent. In June, it increased by 5.3 percent compared to the same month last year.
In addition, However, all other sectors have developed normally, he explained. Analysts had expected an average growth of 4.5 percent.
Cross-referenced from 2 sources.
Factual coreconfirmed by several independent voices
China’s economy grew slower than expected in the second quarter.
reliability low1/2 sourcesThe value of the new building properties sold fell by 13.6%.
reliability low1/2 sourcesRetail sales increased by only 1.3 percent throughout the first half of the year.
reliability low1/2 sourcesIt was the weakest quarterly growth since the end of 2022.
reliability low1/2 sourcesIn the first half of the year, China’s industrial companies produced 279.8 billion chips, an increase of 23.1 percent.
reliability low1/2 sourcesIn June, it increased by 5.3 percent compared to the same month last year.
reliability low1/2 sourcesHowever, all other sectors have developed normally, he explained.
reliability low1/2 sourcesAnalysts had expected an average growth of 4.5 percent.
reliability low1/2 sources
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