Chinese growth in second quarter weakest since Covid-19 era
Summary
China’s economy grew by 4.3% in the second quarter of 2026 compared to the same period last year. This growth rate is the weakest since late 2022 when China was still affected by the Covid-19 pandemic, driven by slow consumer demand despite a rise in exports.Key Facts
- China’s GDP growth was 4.3% in the second quarter of 2026.
- This is the slowest quarterly growth since late 2022.
- The slowdown is mainly due to weak consumer demand.
- Exports increased, but not enough to boost overall growth.
- The Covid-19 pandemic had previously impacted China’s economy in 2022.
- China has set its lowest economic growth target since 1991.
- There was the first annual decline in investment in 30 years.
- The article also mentions the removal of the physical border between Gibraltar and Spain.
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