China's Q2 GDP Growth Slows to 4.7%, Missing Expectations
TL;DR Summary
China's second-quarter GDP growth of 4.7% fell short of the expected 5.1%, with June retail sales also missing forecasts. However, industrial production exceeded expectations, growing by 5.3%. Urban fixed asset investment met expectations, but infrastructure and manufacturing investment growth slowed, and real estate investment continued to decline. The urban unemployment rate remained steady at 5%. Despite higher-than-expected export growth, weak domestic demand and credit data indicate ongoing economic challenges.
- China reports second-quarter GDP growth of 4.7%, missing expectations CNBC
- China’s Economy Slows as Housing Troubles Squeeze Spending The New York Times
- China's economy seen slowing in Q2 as stimulus calls grow Reuters
- China Growth Weakens More Than Expected as Outlook Darkens Bloomberg
- China’s Economy Slowed More Than Expected in Second Quarter The Wall Street Journal
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