China Q2 GDP Growth Slows to 4.3%, Misses Target – Commerzbank
China's Q2 GDP growth came in at 4.3% year-on-year, below Beijing's 4.5%-5% target and consensus expectations, according to Commerzbank. Fixed-asset investment contracted sharply, while June industrial output and retail sales surprised on the downside.
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Commerzbank analyst Dr. Henry Hao highlighted that China's Q2 GDP growth slowed to 4.3% year-on-year, falling short of the government's 4.5%-5% target and market consensus.
The report also noted a sharp contraction in fixed-asset investment, while June industrial output and retail sales figures surprised to the downside, adding pressure on policymakers to consider further stimulus measures.
Source: FXStreet Forex News