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China’s second-quarter GDP growth slows to 4.3%

The economy’s momentum weakened despite a June rebound in industrial production and retail sales, while fixed-asset and property investment remained in contraction.

Reported · Written up by our desk · China

China’s economy grew 4.3% year-on-year in the second quarter, slowing from 5.0% in the first quarter and coming in below expectations of 4.5%, according to data cited by Action Forex.

The report said the first-half GDP increase was 4.7%, which sits only narrowly within Beijing’s full-year target range of 4.5% to 5.0%, marking the weakest growth since 2022.

Action Forex also pointed to mixed June indicators, with industrial production rising to 5.3% year-on-year from 4.5% and retail sales returning to growth of 1.0% after a prior contraction.

However, investment remained a drag, with fixed asset investment down 5.7% year-to-date and property investment falling 18.0% in the first half, as a senior statistic bureau official described the economy as operating within an “appropriate range” while noting weak domestic demand and rising external uncertainty.

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