China’s economic growth drops steeply, falling short of target
China’s economic expansion slowed markedly from April to June, as subdued domestic demand and the effects of the Iran conflict on oil prices weighed on the economy, despite robust export performance. Official gross domestic product (GDP) data indicated that the world’s second-largest economy grew by 4.3% in the second quarter, falling short of Beijing’s yearly target and down from the 5% growth recorded in the first quarter. The figures were released a day after separate statistics showed that
1 like
38 views