China's economy expanded at its slowest pace since late 2022 in the second quarter, highlighting mounting challenges from weak domestic demand and external shocks despite resilient exports and industrial production.
According to official data released on Wednesday, China's gross domestic product (GDP) grew 4.3% year-on-year in the April-June quarter, below the 4.5% growth forecast by analysts polled by Reuters. The reading also marked a slowdown from the 5.0% expansion recorded in the first quarter.
