Article 6P74M China’s economy growing slower than expected as leaders meet for third plenum

China’s economy growing slower than expected as leaders meet for third plenum

by
Peter Hannam with agencies
from World news | The Guardian on (#6P74M)

The world's second-largest economy is grappling with a real estate debt crisis, weakening consumption, an ageing population and geopolitical tensions

China's economy slowed more than expected in the June quarter, increasing the likelihood that a gathering of top officials in Beijing this week will unveil efforts to rekindle growth.

The world's second-largest economy expanded by 4.7% in the April-June period from a year earlier, the National Bureau of Statistics said on Monday. That result was down from 5.3% growth in the March quarter and the 5.1% rate economists had predicted.

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