Key facts
- China's economic growth is expected to slow to 4.6% in the second quarter.
- This represents a decrease from the 5% growth recorded in the first quarter.
- Weak domestic demand is a primary reason for the projected slowdown.
- Ongoing problems in the property market are also contributing to the slowdown.
- Trade tensions with the United States are cited as another factor affecting growth.
- Economist surveys indicate these projections.
- The slowdown is expected to be noticeable compared to the first quarter.
China's economic expansion is projected to slow significantly in the second quarter of the year, with economists forecasting a growth rate of 4.6%. This represents a notable deceleration from the 5% growth achieved in the first quarter. The primary drivers behind this anticipated slowdown are identified as weak domestic demand, which continues to hamper consumer spending and business investment, and persistent woes within the country's property market. The real estate sector has been grappling with financial difficulties and a downturn in sales, impacting related industries and overall economic confidence.