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China’s economy grows at one of its lowest rates on record

Asia-Pacific 1 source 1 country 🔦 Under-reported 37m ago

# China Posts Worse-Than-Expected Growth of 4.3% in Second Quarter

China's economy expanded at 4.3% in the three months to June, marking one of the lowest quarterly growth rates on record. The figure came in below expectations, representing a significant slowdown in economic expansion for the world's second-largest economy.

The weaker-than-anticipated performance has raised concerns about structural imbalances within the Chinese economy. Analysts point to what has been characterized as a lopsided economic structure as an underlying issue contributing to the slowdown. This suggests growth is not evenly distributed across different sectors and regions of the economy.

The quarterly reading places China's recent economic performance among its weakest in recent history, highlighting challenges the country faces in maintaining its previously robust growth trajectory. The disappointing figures come as policymakers and economists assess the health of the broader Chinese economy and its implications for global markets.

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Read the full story at the source The Guardian World · GB