China economy

China posts 4.7% second-quarter growth, lower than expected

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China’s economic growth fell short of expectations, growing by 4.7 per cent in the second quarter compared to a year earlier, data released on July 15, 2024, showed.  Weak consumption and property data served as the latest wake-up call for policymakers, who kicked off their third plenum in Beijing to set the country’s economic strategy for the next 5-10 years
 

July 15, 2024