China’s Economic Growth Slowed in the Second Quarter of 2024

IranGate
1 Min Read
China's Economic Growth Slowed in the Second Quarter of 2024

China’s economic growth slowed in the second quarter of 2024

China announced that its economic growth in the second quarter of 2024 decreased to 4.7 percent, whereas this rate was 5.3 percent in the first quarter

According to the Associated Press, China’s National Bureau of Statistics announced on Monday that this year’s economic progress, following a severe slowdown during the COVID-19 pandemic, has been hard-earned due to weak global economic growth, high inflation, geopolitical issues, disruptions in international trade, and other problems

Economists say low consumer demand and reduced government spending have challenged the growth of the world’s second-largest economy

China’s exports increased by 8.6 percent compared to last year, while imports faced a 2.3 percent decrease

Factory production grew by 5.3 percent in June, while retail sales increased by only 4.1 percent from January to May

Share This Article
Every media institution, regardless of its origin or the doctrine it embraces, heralds the dawning of a new vista — a window that illuminates hidden recesses with the radiance of insight. It symbolizes the rich tapestry of perspectives that enable us to perceive and interpret our world. At the IranGate Analytical News Agency, our commitment is unwavering: to uphold the highest standards of journalistic integrity. We recognize and value the media literacy of our audience. We don't merely acknowledge it — we champion its growth, ensuring it thrives rather than diminishes. Our guiding principle resonates through every story we present: 'IranGate: Your Gateway to Enlightened Awareness.'