China’s economy grows at 1 of lowest rates in decades
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China posts slowest quarterly growth since 2022 as investment slumps, fanning stimulus calls
That second-quarter growth came below Beijing's full-year growth target range of 4.5% to 5%, the least ambitious goal in decades.
By Kevin Yao BEIJING, July 13 (Reuters) - China's economy likely slowed in the second quarter after a solid start to the year, as weak domestic demand offset the boost from resilient exports during a global oil shock,
China’s economy grew by 4.3 per cent in the second quarter of 2026, falling below the government’s annual growth target of 4.5-5 per cent, according to data released by the National Bureau of Statistics on Wednesday.
Last year, the nation's GDP grew 5.2 percent, reaching its annual target and exceeding growth rates of various developed economies. However, it is worth noting that the overall compound growth rate over the past two years stood at 4.
India has outpaced China in GDP growth even as it continues to import large quantities of goods from its neighbour, according to recent data. A recent report said India remains one of the largest importers of Chinese goods.
China is struggling to offset economic challenges both at home and abroad, as its economy grew at a slower-than-expected pace in the second quarter of the year.
