China’s Economic Growth Slows
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Chinese state firm employee Zhang Jinming makes up for a 24% cut to his salary by delivering food for three hours every night after work and on weekends - and hopes he can avoid awkward encounters with colleagues.
Across 25 countries, people increasingly view China as the world's top economy but generally prioritize economic ties with the U.S.
China’s Q2 GDP growth met government targets at 5.2% YoY, but the recovery remains uneven beneath the headline numbers. High-tech manufacturing and services are driving growth, while real estate and retail sectors continue to struggle, highlighting structural challenges.
Looming U.S. tariffs, together with a real estate market slump feeding into weakening consumer confidence, saw China's GDP growth slow in the second quarter.
China's economy grew by 5.2% in the second quarter, surpassing analyst predictions and showcasing strength against U.S. tariffs. This growth is part of a broader trend, with China aiming for 5% growth this year.
Shoppers are taking advantage of a $42 billion government trade-in program aimed at boosting spending. But in recent weeks, some cities have started to cut back on the subsidies.
Congress MP criticises EAM Jaishankar over China ties, calls for national debate on security and economic challenges.
Rising costs, stagnant incomes and growing distrust drive people to opt out of medical coverage, analysts say.