China’s economic growth hits slowest pace in more than three years
AI Summary
China's economy slowed down significantly in the second quarter, marking its weakest growth in over three years, with a year-on-year expansion of just 4.3 percent. Despite robust exports fueled by the global AI boom, the growth fell short of expectations and faced challenges from trade disruptions due to the Middle East conflict. This slowdown is a major concern as it reflects broader economic challenges and could impact global markets, especially given China's influential role in international trade and manufacturing.
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