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China’s GDP miss set to boost stimulus calls from Third Plenum

Jessica Sier

Tokyo | Slowing growth figures have upped pressure on Chinese leaders to inject confidence back into the world’s second-largest economy as they prepare to champion the country’s new economic strategy during “Third Plenum” Communist Party policy meetings this week.

Fresh data on Monday showed China’s economy grew much slower than expected in the second quarter, as a persistent property downturn squeezes domestic demand. China’s economy grew 4.7 per cent in April-June, missing analyst expectations of 5.1 per cent.

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Jessica Sier is the North Asia Correspondent for The Australian Financial Review. She is based in Tokyo, Japan. Jessica has previously written on technology, global capital markets and economics. Connect with Jessica on Twitter. Email Jessica at jessica.sier@afr.com

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    Original URL: https://www.afr.com/world/asia/beijing-policy-summit-more-chinese-medicine-than-shock-therapy-20240714-p5jtjn