China’s growth slows to 4.7% as weak retail sales drag economy
Monday, 15 July 2024
China’s economic growth slowed to its worst pace in five quarters as retail sales declined, increasing pressure on Beijing to restore confidence at a key policy meeting. The gross domestic product (GDP) grew by 4.7% in the second quarter compared to the previous year, missing the median estimate of 5.1%. The growth for the first half of the year was 5%, in line with Beijing's annual target of around 5%.
|
||||
|
|
||||
You Might Like |
||||
