China's GDP growth slows to 4.3%, weakest pace in over three years
China's economy grew 4.3% year-on-year in the second quarter, marking its slowest pace of growth in more than three years. Slowing investment is fueling calls for further government stimulus.
China's second-quarter growth data showed the economy expanding 4.3% year-on-year, marking its weakest pace in more than three years and falling short of market expectations.
Slowing investment spending has emerged as one of the biggest drags on the figure. Economists say prolonged weakness in the property sector and a lack of recovery in consumer confidence continue to weigh on growth.
Following the data release, calls for additional government stimulus have grown louder. Analysts expect Beijing may take further monetary and fiscal steps to shore up domestic demand.
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