China Q2 GDP growth slows to 4.3% amid domestic challenges
pre-market1 source ↓written by the desknot a recommendation
- year-on-year in Q2
- 4.3%
- in Q1
- 5%
- 4.5% to 5%
China's economy expanded 4.3% year-on-year in Q2 2023, down from 5% in Q1, missing market expectations and falling below Beijing's annual growth target of 4.5% to 5%. Weak domestic demand and a property slump are key factors impacting growth.
This slowdown may reduce demand for raw materials like steel and crude oil, potentially easing inflationary pressures for India, which relies on these imports. 📉
Not investment advice. For informational purposes only.