China 2nd quarter GDP growth slows to 4.7% on property woes, weak demand

China's economic growth in the April-June period slowed to a real 4.7 percent from a year earlier, official data showed Monday, with the result likely increasing calls for more stimulus at a key Communist Party meeting amid property woes and weak demand.The expansion in inflation-adjusted gross domestic product of the world's second-largest economy decelerated from a 5.3 percent year-on-year growth in the previous three months to March, a period boosted by stimulus measures, and came in below market expectations of a 5.1 percent increase.Beijing has set a growth target of around 5 percent f…READ FULL ARTICLE