China's economy grew 4.3% in the second quarter, according to official data released on Wednesday. This marks the weakest quarterly growth rate since the late stages of the Covid-19 pandemic in 2022.
The slowdown reflects mixed economic conditions within China. While exports experienced a surge, this growth was offset by weak consumer demand, which failed to provide sufficient momentum to sustain faster economic expansion.
The 4.3% growth rate represents a significant deceleration in China's economic performance and signals underlying challenges in domestic consumption despite strength in external trade.
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