00:00It's Benzinga, bringing Wall Street to Main Street.
00:03China's economy grew at a 4.3% annualized pace in the second quarter,
00:07its weakest rate in more than three years and below forecasts, according to the Associated Press.
00:13Growth slowed from 5% in the first quarter, even as exports rose 17.6% in the first half
00:19and 27%
00:20in June. Strong demand for electric vehicles, computer chips, and other high-tech products
00:25supported manufacturing, while domestic spending and investment remained weak.
00:30Fixed asset investment fell 5.7% in the first half, retail sales increased 1.3%,
00:36and housing prices continued to decline. China's economy expanded 4.7% in the first half.
00:43Beijing has set a 2026 growth target of 4.5% to 5%, while the International Monetary Fund
00:49forecasts 4.6% growth. For all things money, visit Benzinga.com.
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