China's Q2 economy slowed (5.1% YoY) due to property downturn & job insecurity, prompting stimulus expectations from Beijing.
China's economy likely slowed in Q2 as property downturn and job insecurity pressured domestic demand, leading to expectations of more stimulus from Beijing. Reuters poll shows Q2 growth at 5.1% YoY, slowing from 5.3% in Q1, and the weakest since Q3 2023. Expectations of stimulus measures rise as Beijing seeks to boost economic confidence amid conflicting requirements of growth and debt reduction.
July 15, 2024
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