China commits to economic support amid growth slowdown

The Chinese government has committed to ensuring the achievement of its economic target for 2026, despite growth slowing to below the official forecast of 5% in the second quarter, reaching only 4.3%. This comes amid a slowdown in public spending and its impact on growth, with a focus on implementing the "Six Networks" infrastructure plan, which includes building data centers and underground pipelines, supported by additional financial resources. China is also approaching a key stage in its heavy debt refinancing plan, with updates in budget management and financial reforms, amid expectations of increased spending and investment in national projects to ensure economic growth stability.

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