BBCNEWS World Business Report June 4, 2024 04:36:00
To china now, where the second quarter gdp figures are just out and show a growth rate of six point 3% year on year. that's above the country's 5% target, but it is below expectations. economic growth of over 6% sounds impressive — but this is compared to last year when the country was still under severe covid restrictions. if you look at growth in china compared to last quarter it was up byjust 0.8%. china's exports fell the most in three years injune by over 12% year—on—year, under the impact of cooling global demand. let's have a look at what is ahead for the world's second biggest ec...