AssetID: 55853092
Headline: UNCAPTIONED: China's Economic Growth Misses Target
Caption: China's Economic Growth Misses Target. China's economy grew more slowly than expected between April and June, missing the government's annual growth target. Official figures showed the world's second-largest economy expanded by 4.3 percent in the second quarter, down from five percent in the first three months of the year. The slowdown came despite strong export growth, as weak consumer demand and higher energy costs linked to the conflict involving Iran weighed on the economy. Officials also pointed to growing uncertainty and an imbalance between strong industrial output and sluggish domestic spending. The latest figures mark China's weakest quarterly growth since the end of 2022. Economists say the country continues to face challenges including a prolonged property market downturn and weak consumer confidence, despite efforts by Beijing to support economic growth. Instructions: THIS VIDEO MUST NOT BE EDITED FOR LENGTH TO COMBINE WITH OTHER CONTENT
Keywords: Current Affairs & Politics,China,Chinese,economy,grew,more slowly,April and June,missed,government,annual growth target,world’s second-largest,expanded,second quarter,down,export growth,weak consumer demand
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