China reports second-quarter GDP growth at 4.3% missing forecast targets

China's economy grew at 4.3% annually in the second quarter from April to June, marking the slowest pace since late 2022 and falling below analysts' expectations.

Weak domestic demand and an oil shock from the Iran war outweighed stronger production and exports, revealing structural imbalances as investment flows toward advanced technologies while job-creating sectors lag.

This slowdown signals growing economic fragility that could complicate China's policy response amid global trade tensions.

  • China's GDP growth has declined from over 10% in the early 2010s to under 5% in recent years as the economy matures.
  • The National Bureau of Statistics has faced criticism for data accuracy during periods of significant economic stress since 2020.
  • China leads the world in semiconductor manufacturing investment but remains dependent on foreign technology for advanced chip production.
China reports second-quarter GDP growth at 4.3% missing forecast targets | Implica