China's Slower Q2 Growth Raises Concerns for Economic Recovery

1 min read
Source: South China Morning Post
China's Slower Q2 Growth Raises Concerns for Economic Recovery
Photo: South China Morning Post
TL;DR Summary

China's second-quarter economic growth fell below market expectations, raising concerns about the recovery from the pandemic. The country has set a modest growth target of around 5% for 2023. Additionally, the jobless rate for the 16-24 age group reached a new high of 21.3% in June.

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