China's economy seen slowing in Q2 as stimulus calls grow
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China's economy likely slowed in the second quarter as a protracted property downturn and job insecurity weighed on domestic demand. Data is expected to show the world's second-largest economy grew 5.1% year-on-year in April-June, slowing from 5.3% in the previous three months. The government is aiming for economic growth of around 5.0% for 2024, a target that may require more stimulus. China has boosted infrastructure investment and ploughed funds into high-tech manufacturing to counter soft domestic demand and a property crisis. Rising trade tensions pose a threat to the economy.

#China #Economy #Stimulus #Q2 #PropertyDownturn #DomesticDemand

https://www.investing.com/news/economy-news/chinas-economy-seen-slowing-in-q2-as-stimulus-calls-grow-3518280