China's 2nd quarter GDP slows to 4.3% amid weak consumption, below 2026 target

China's real economic growth rate decelerated to 4.3 percent year-on-year in the April-June period from 5.0 percent in the previous quarter amid weak consumption, official data showed Wednesday, the slowest expansion since the 2022 fourth quarter when Beijing was battling the COVID-19 pandemic.The increase in the inflation-adjusted gross domestic product of the world's second-largest economy fell below the growth target of 4.5 to 5 percent for 2026.On a quarter-to-quarter basis, China's GDP rose 0.9 percent in the second quarter of 2026, decelerating from 1.3 percent growth in the January-M…READ FULL ARTICLE