China’s economy grew by 0.4 per cent in the second quarter, compared with a year earlier, down from the 4.8 per cent growth seen in the first three months of the year. Photo: EPA-EFE
China’s economy grew by 0.4 per cent in the second quarter, compared with a year earlier, down from the 4.8 per cent growth seen in the first three months of the year. Photo: EPA-EFE
China GDP

China GDP: second quarter plunge creates ‘impossible’ task to hit annual growth target without stimulus

  • China’s economy grew by 0.4 per cent in the second quarter, compared with a year earlier, down from the 4.8 per cent growth seen in the first three months of the year
  • Zero-Covid policy and a contracting property market coupled with external headwinds threaten Beijing’s ‘around 5.5 per cent’ annual economic growth target

China’s economy grew by 0.4 per cent in the second quarter, compared with a year earlier, down from the 4.8 per cent growth seen in the first three months of the year. Photo: EPA-EFE
China’s economy grew by 0.4 per cent in the second quarter, compared with a year earlier, down from the 4.8 per cent growth seen in the first three months of the year. Photo: EPA-EFE
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