China's Economic Rebound Stalls, Raising Concerns for Global Growth
China's economy grew 6.3% in the second quarter, falling short of expectations, while retail sales slowed, indicating that the country's post-COVID economic revival is faltering. Other concerning data includes disappointing trade figures, a surge in youth unemployment, and low inflation. Investors reacted negatively to the news, and economists expect the ruling Politburo to discuss implementing a stimulus package to boost growth.