China's economic growth misses forecasts in second quarter
China's years-long property crisis and weak domestic spending have left leaders reliant on exports to meet growth targets. BEIJING: China's economy grew...
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Summary
China's years-long property crisis and weak domestic spending have left leaders reliant on exports to meet growth targets. (Reuters pic) BEIJING: China's economy grew slower than expected in the second quarter of the year, official data showed Wednesday, even as strong exports driven by the global AI boom helped offset trade disruptions caused by the Middle East war. The closely watched figures followed the release of data Tuesday that showed exports surged a forecast-topping 27.0% year-on-year in June as the global AI boom helped fuel demand for chips and computing equipment. China remains locked in a simmering trade feud with the EU, with which it recorded a trade surplus of US$32.9 billion in June.
Cross-referenced from 3 sources.
Factual coreconfirmed by several independent voices
China's years-long property crisis and weak domestic spending have left leaders reliant on exports to meet growth targets. (Reuters pic) BEIJING: China's economy grew slower than expected in the second quarter of the year, official data showed Wednesday, even as strong exports driven by the global AI boom helped offset trade disruptions caused by the Middle East war.
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The closely watched figures followed the release of data Tuesday that showed exports surged a forecast-topping 27.0% year-on-year in June as the global AI boom helped fuel demand for chips and computing equipment.
according to Free Malaysia TodayChina remains locked in a simmering trade feud with the EU, with which it recorded a trade surplus of US$32.9 billion in June.
according to Free Malaysia Today
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