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Source: Sky News
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China's economy recorded its weakest growth in over three years in the second quarter, with an increase of 4.3 percent year-on-year, falling short of the 4.5 percent forecast and below the targeted range of 4.5 to 5 percent. Investment in fixed assets declined by 5.7 percent in the first half of the year, while GDP grew by 0.9 percent quarter-on-quarter, the slowest in more than two years. Despite this, retail sales grew by 1 percent, industrial production exceeded expectations at 5.3 percent, and the unemployment rate decreased to 5 percent. It is expected that Chinese policymakers will take measures through increased spending and investment to boost growth.
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