China's GDP Growth Falls To 4.3% In Second Quarter From 5.0%
Real estate investment collapsed 18 percent and retail sales grew just 2.7 percent, as exports alone jumped 13.4 percent.
- First-half GDP growth averaged 4.7 percent, the National Bureau of Statistics reported July 15.
- Fixed-asset investment sank 5.7 percent to 22.637 trillion yuan for the first half.
- Industrial output climbed 5.4 percent in the first half, led by high-tech manufacturing's 13.3 percent surge.
Why it matters: One national number cannot hide that construction and households are shrinking while only exports still grow.
National Bureau of Statistics of China ↗ · Jul 15, 20267/15/26 · ✓ Checked✓ Check