China's economy grows 4.3% in Q2, slowest since late 2022
China's economic growth slowed to 4.3% in the second quarter, the weakest performance in over three years. While high-tech exports like AI and electric vehicles are booming, domestic spending and investment remain sluggish.
Why it matters
The imbalance between state-supported high-tech sectors and struggling domestic consumption poses a significant challenge to China's long-term economic stability.
HONG KONG — China's economy slowed sharply to a 4.3% annualized pace of growth in the April-June quarter, the government said Wednesday, the weakest in over three years.
The article relies on official government data and expert economic analysis to explain the slowdown.
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