Slowing down: A woman poses for a picture with a Chinese flag in front of the skyline of the financial district in Shanghai. The April-June economic expansion, in line with analysts’ expectations, was the slowest since the first quarter of 1992, the earliest quarterly data on record. — AFP
BEIJING: China’s economic growth slowed to 6.2% in the second quarter, its weakest pace in at least 27 years, as demand at home and abroad faltered in the face of mounting US trade pressure.
While more upbeat June factory output and retail sales offered signs of improvement, some analysts cautioned the gains may not be sustainable, and expect Beijing will continue to roll out more support measures in coming months.
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