China’s economy grows at 4.3%, one of its lowest rates on record
- China has posted worse-than-expected growth figures for the three months to June as its economy expanded by just 4.3% – one of its lowest quarterly readings on record.
- The rate, which came in under the government’s target of 4.5% to 5%, was one of the weakest since reporting on official quarterly GDP figures began in the early 1990s.
- The last period when growth was lower was the final quarter of 2022 when the country was still under its three-year period of Covid-19 restrictions.
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- China has posted worse-than-expected growth figures for the three months to June as its economy expanded by just 4.3% – one of its lowest quarterly readings on record.
- The rate, which came in under the government’s target of 4.5% to 5%, was one of the weakest since reporting on official quarterly GDP figures began in the early 1990s.
- The last period when growth was lower was the final quarter of 2022 when the country was still under its three-year period of Covid-19 restrictions.
Sources: Guardian