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China's Economy: Export Strength vs Domestic Weakness | Global News

China's Economy: Export Strength vs Domestic Weakness | Global News

Published 1 week, 5 days ago
Description

China’s economy hit a four-point-three percent growth in Q2 — a sharp slowdown from Q1 and below its new, ultra-cautious target range of 4.5% to 5%. Despite a surprising 27% jump in exports — fueled by EVs and AI tech exports — domestic demand remains sluggish, retail sales barely ticked up, and the property market still sputters. With the government already dialing back its growth ambitions to the lowest in 30 years, the contrast between booming exports and a weak consumer base paints a complex, tense economic picture.

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