China’s economy expanded at its slowest pace in nearly four
years during the second quarter of 2026, as weak domestic demand
and a prolonged downturn in the property sector weighed on growth,
AzerNEWS reports.
According to official data, China’s gross domestic product (GDP)
grew 4.3% year-on-year in the second quarter, falling short of
market expectations of 4.5% and slowing from the 5% growth recorded
in the first quarter. The latest reading marks the country’s
weakest annual growth rate since the fourth quarter of 2022.
On a quarterly basis, the economy expanded 0.9%, in line with
analysts’ forecasts but down from the 1.3% growth recorded in the
previous quarter.
The slowdown was driven largely by continued weakness in the
real estate sector, where investment declined 18% during the
quarter. Soft consumer spending and subdued domestic demand also
continued to weigh on overall economic activity.
Despite these challenges, the industrial sector remained
resilient. Industrial production increased 5.3% during the
reporting period, underscoring the continued contribution of
manufacturing and exports to economic growth.
Analysts say that unless domestic demand recovers and the
property market stabilizes, China’s economy is likely to remain on
a slower growth trajectory in the coming quarters.
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