China Growth Slows to 4.3% as Economic Momentum Falters

The April-June figure marks the most sluggish pace of expansion since late 2022, falling well below the 4.5% forecast by analysts. This deceleration stands in sharp contrast to the momentum seen earlier in the year, when the economy surged by 5% during the first quarter.

Despite the shortfall, the broader outlook remains tempered by resilience in the manufacturing sector. Zhiwei Zhang, chief economist at Pinpoint Asset Management, notes that the government is unlikely to pivot toward aggressive stimulus measures immediately. With exports currently providing a vital buffer, Beijing appears content to wait for the upcoming Politburo meeting to signal its next strategic move, banking on the strong start to the year to keep annual targets within reach.