Chinese Economy Experiences Slowest Quarterly Growth Since 2022

China's economy experienced a significant slowdown in the second quarter, with GDP growth registering at 4.3% year-on-year, below the expectations of 4.5%, marking the weakest performance in over three years. This slowdown was driven by a 5.7% decline in fixed asset investments during the first half of the year, along with weak production performance, despite retail sales and industrial output showing positive signs. It is expected that policymakers will focus on increasing spending and investment to prevent further deterioration in growth.

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