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China's economy slows to 4.3% annual pace of growth in April-June
China's economy slowed in the second quarter of this year, expanding at a 4.3% annualized pace, the government said Wednesday. The April-June data was weaker than the 5% growth recorded in the January-March quarter, despite strong growth in exports thanks partly to the boom in artificial intelligence, and robust demand for Chinese electric vehicles. China has largely shrugged off wider economic impacts from the Iran war. Exports rose 17.6% in the first half of the year from a year earlier, according to customs data. But domestic spending and investment have lagged, limiting the boost from China's export ... (full story)
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In the first half year, under the strong leadership of the Central Committee of the Communist Party of China (CPC) with Comrade Xi Jinping at its core, all regions and departments fully implemented the decisions and arrangements made by the CPC Central Committee and the State Council, adhered to the general principle of pursuing progress while ensuring ...
From think.ing.com | 11 hr ago
China's growth slowed to 4.3% year-on-year in the second quarter, the slowest quarterly pace since the pandemic. Though June saw better industrial production and retail sales, the investment slump worsened. Weak domestic demand also weighed on overall momentum. Growth remains within the target range, but pressure for policy support may be increasing China's ...
The Producer Price Index for final demand fell 0.3 percent in June, seasonally adjusted, the U.S. Bureau of Labor Statistics reported today. Final demand prices advanced 0.6 percent in May and 1.1 percent in April. (See table A.) On an unadjusted basis, the index for final demand increased 5.5 percent for the 12 months ended in June. The June decline in the ...
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- Jul 14, 10:00pm | 13 hr ago Posted byFundamental Analysis1,289
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