China economic growth falls sharply, missing target
- China's economic growth slowed sharply between the start of April and end of June as weak domestic demand and the Iran war's impact on oil prices overshadowed the country's strong exports.
- Official gross domestic product (GDP) figures showed the world's second largest economy grew in the second quarter by 4.3%, below Beijing's annual target, and after a 5% rise in the first quarter.
- It comes a day after government data showed that China's exports jumped by 27% in June compared to a year earlier.
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- China's economic growth slowed sharply between the start of April and end of June as weak domestic demand and the Iran war's impact on oil prices overshadowed the country's strong exports.
- Official gross domestic product (GDP) figures showed the world's second largest economy grew in the second quarter by 4.3%, below Beijing's annual target, and after a 5% rise in the first quarter.
- It comes a day after government data showed that China's exports jumped by 27% in June compared to a year earlier.
Sources: BBC News