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China’s second-quarter growth slows to the weakest pace since 2022
The quarter undershot Beijing’s full-year growth target range of 4.5% to 5%, prompting fresh calls for more stimulus.
CNBC reports that China’s second-quarter economic growth slowed to the weakest pace since 2022, as investment weakened.
According to CNBC, the second-quarter figure came in below Beijing’s full-year growth target range of 4.5% to 5%, which the outlet describes as the least ambitious goal in decades.
The slower growth has fueled renewed pressure for additional stimulus measures, CNBC adds.
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