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China Business & Economy

China’s Q2 GDP Growth Slows to 0.8 Percent as Economic Engines Stall

China’s Q2 GDP Growth Slows to 0.8 Percent as Economic Engines Stall
An electronic display showing the China GDP indexes is seen on a street in Shanghai on Oct. 16, 2021. Reuters/Aly Song
Alex Wu
7/20/2023|Updated: 7/20/2023
0:00

The Chinese communist regime admitted on July 17 that the GDP growth rate in the second quarter of the year was lower than expected. Observers pointed out that China’s economy is actually in stagnation or even decline, as investment and demand both domestic and foreign continue to weaken, with domestic structural problems predicted to lead to higher government debt risk.

According to official data released by the communist regime’s Statistics Bureau, China’s GDP grew just 0.8 percent in April-June from the previous quarter, reporting slowing momentum in the world’s second-largest economy.

Alex Wu
Alex Wu
Author
Alex Wu is a U.S.-based writer for The Epoch Times focusing on Chinese society, Chinese culture, human rights, and international relations.
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