Shafaqna English– Economic data from China at the start of the second half points to a deceleration in growth, with both factory output and retail sales trending downward. Simultaneously, natural disasters stemming from extreme weather and stagnant domestic demand have compelled policymakers to ramp up economic stimulus.
These disappointing figures, released after second-quarter GDP growth fell to its lowest level in three-and-a-half years, underscore China’s continued reliance on exports to compensate for weak consumption and investment. This comes as the country simultaneously grapples with headwinds from U.S. tariffs and Middle Eastern conflicts.
Source: Reuters