China’s Q2 GDP growth slows to 4.7% amid weak domestic demand

China’s GDP grew 4.7% yoy in Q2, down from 5.3% in Q1 and missing expectations of 5.1%. For the first half of the year, GDP growth stood at 5% year-on-year. The National Bureau of Statistics noted, “The current external environment is complicated, while domestic demand remains insufficient. We still need to consolidate the foundation for […]

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