China, Q2 and GDP
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China’s Q2 GDP growth met government targets at 5.2% YoY, but the recovery remains uneven beneath the headline numbers. High-tech manufacturing and services are driving growth, while real estate and retail sectors continue to struggle, highlighting structural challenges.
In the first half of the year, the world's second-largest economy expanded by 5.3 percent, the NBS said Tuesday.
China's economy is likely to have cooled in the second quarter after a solid start to the year, as trade tensions and a prolonged property downturn drag on demand, raising pressure on policymakers to roll out additional stimulus to underpin growth.
Looming U.S. tariffs, together with a real estate market slump feeding into weakening consumer confidence, saw China's GDP growth slow in the second quarter.
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Inquirer on MSNBuoyed by exports, China's economy expands 5.2% in Q2China's economy grew by more than 5% in the second quarter, despite global headwinds and tensions with the U.S., official data showed Tuesday,
GAC has shared in the losses of its Japanese partners, Honda and Toyota, which have ceded market share in China to local brands such as BYD. Sales of GAC's Aion- and Trumpchi-branded EV and plug-in hybrid cars have also weakened amid intense competition.
Apple posted a slight gain in global iPhone shipments in Q2, navigating falling demand in China with growth elsewhere.