China’s second-quarter GDP growth slowed to 4.3 percent as weak domestic demand and a property market slump offset strong exports.

China’s economy grew by 4.3 percent in the second quarter, marking its slowest expansion in more than three years. The administration announced this figure, which fell below the 5 percent growth recorded in the first quarter and the country's revised annual target of 4.5 to 5 percent. While exports surged by 27 percent in June—driven by high demand for artificial intelligence and electric vehicles—domestic consumption remained sluggish. The slowdown highlights a significant imbalance between a booming export engine and a struggling internal market. Experts noted that a long-running property market slump and high energy costs have made Chinese consumers more conservative with spending. Additionally, a 5.7 percent drop in fixed investment suggests that previous growth figures may have been bolstered by debt-heavy investments that are now being corrected. While the government is focused on paying down debt rather than launching a massive fiscal stimulus, the current trajectory suggests that the domestic economy is experiencing a period of "stealth" revision as it adjusts to pre-existing weaknesses.

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