"China's GDP grew 5.2% in April to June, ahead of analysts' expectations of 5.1%, showcasing resilience amid ongoing trade tensions with the U.S."
"Investors are concerned about a weaker second half due to declining exports, falling prices, and low consumer confidence, which pose significant challenges."
China's economy exhibited a stronger-than-expected growth rate of 5.2% in the second quarter of 2023, slightly declining from 5.4% in the first quarter but surpassing analysts' predictions of 5.1%. This resilience can be attributed to government support and front-loading shipments amidst a temporary trade truce. Despite this positive result, a challenging outlook looms with expectations of weaker performance in the second half of the year, as export growth declines, consumer confidence remains low, and policymakers face difficulties meeting ambitious growth targets.
Read at www.theguardian.com
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