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China’s Q2 GDP growth slows to 4.7% below estimates amid property downturn, weak demand

Kagenmi The official data showed that China’s economy expanded 4.7% in the second quarter from a year ago, lower than the 5.3% seen in the previous quarter and missing expectations for a 5.1% growth. This marked the weakest yearly advance since Q1 of 2023, amid a persistent property downturn, weakContinue Reading

China’s consumer inflation rate softens in June amid weak domestic demand; PPI falls 0.8%

In: Finance

baona The annual inflation rate in China ticked lower to 0.2% in June 2024 from 0.3% in the previous month, marking the fifth consecutive month of consumer inflation, albeit the lowest rate since March, amid weak domestic demand. Meanwhile, producer prices decreased by 0.8% year-on-year, in line with forecasts andContinue Reading

China’s Q2 GDP growth slows to 4.7% below estimates amid property downturn, weak demand

China’s consumer inflation rate softens in June amid weak domestic demand; PPI falls 0.8%

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