China, GDP growth and second quarter
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China's new home prices fell at the fastest monthly pace in eight months in June, highlighting the struggle to revive demand despite repeated policy measures and growing calls for additional support.
June lending soared past forecasts--but under the surface, weak demand and housing pain are still dragging things down.
A prolonged property slump has also weighed down on the world’s second-largest economy. Read more at straitstimes.com. Read more at straitstimes.com.
Official data released Tuesday showed the economy has held up surprisingly well in the face of US tariffs, thanks to resilient exports as well as policy support for consumption and investment.
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.
China’s economy grew at a slower clip in the second quarter, as trade tensions with the U.S. rattled an economy already mired in deflation and a years-long housing downturn, raising pressure on Beijing to step up stimulus to underpin growth.
Bridgewater Associates is more bullish on Chinese stocks after government stimulus in response to US tariffs helped boost its onshore China fund by 14% in the first half of the year.
Asia stock markets trade mixed on Friday, reacting to renewed worries about U.S. trade tariffs following President Donald Trump's announcement of significant duties against Canada. Meanwhile, China's markets outperformed the region,