China Slowdown Worse Than Expected On Weak Domestic Demand

China's growth slowed to 4.3% year-on-year in the second quarter, the slowest quarterly pace since the pandemic. Read more here.

Summary China's growth slowed to 4.3% year-on-year in the second quarter, the slowest quarterly pace since the pandemic. Though June saw better industrial production and retail sales, the investment slump worsened. Weak domestic demand also weighed on overall momentum.

Growth remains within the target range, but pressure for policy support may be increasing. LemonTreeImages/iStock via Getty Images By Lynn Song GDP growth undershoots in 2Q as domestic slowdown finally shows in the data China's second quarter GDP saw a significant deceleration, down to 4.3% YoY from 5.0% in the first quarter, weaker than forecasts (market: 4.5%, ING: 4.6%). This was the