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China’s Economic Recovery Slows, Experts Call for “Desperately” Needed Stimulus

By Pete Sadler
Photo by Ralph (Ravi) Kayden on Unsplash

China’s economic recovery continued to lose steam in the second quarter of 2023, prompting urgent calls for more stimulus from Beijing.

The world’s second largest economy expanded by 6.3% in the April to June months from a low base a year ago, according to data released by the National Bureau of Statistics (NBS) Monday. The figure was below the expectations of a group of economists polled by Reuters.

Compared to the first quarter, gross domestic product (GDP) grew just 0.8% from April to June. It slowed significantly from the 2.2% quarter-on-quarter growth registered in the first quarter.

Read More : China’s Economic Recovery Slows, Experts Call for “Desperately” Needed Stimulus

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