00:03China's economy slowed sharply to 4.3% year-on-year growth in the April-June quarter,
00:09the government said Wednesday, making it the weakest pace in over three years.
00:14The official data fell short of forecasts and was below the economy's 5% growth pace in the previous quarter,
00:21despite a surge in exports driven in part by the AI boom and demand for Chinese electric vehicles.
00:28In the last few years, the economic development of the high-end production,
00:35as the current services of the current business,
00:39has exceeded 4% of the revenue of the last few years.
00:42This is not the traditional industries to increase and increase.
00:46We are talking about these industries.
00:48So, these features of the economy are very strong,
00:52and the growth of the growth is increasing.
00:56Despite the broader economic slowdown due to the war in Iran,
01:00consumer spending remained resilient and industrial production exceeded expectations.
01:06Some economists say China's economic slowdown is due to its increasing unbalance,
01:11as public and private investments pour into technologies such as AI and computer chips,
01:17while manufacturing and job-creating service industries languish.
01:21It creates worries over whether AI and robotics businesses will create enough jobs to sustain growth in the longer term.
01:29depending on the market, they are basically changes into the end.
01:30fx
01:31from Europe
01:31from Europe
01:31from Europe
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