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الاقتصادية
China pledges support amid growth slowdown
Reports indicate that the Chinese economy experienced an unexpected slowdown in the second quarter of 2026, with the growth rate falling to 4.3%, below the announced target of 5%. This came after a decline in government spending and a decrease in domestic demand, leading to a sluggish economic performance. To address this, the government pledged to ensure the achievement of the year's economic goals by boosting public expenditure and implementing major infrastructure projects such as the "Six Networks" projects valued at one trillion dollars, with a focus on speeding up execution and efficiently directing financial resources. Officials also pointed to the possibility of tightening austerity policies and redirecting financing efforts towards infrastructure projects, along with improving budget management and deepening financial reforms to support the struggling economic growth.
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