China’s Economic Growth Slows to Lowest Level in 3.5 Years Amid Worsening Imbalances

China’s economy faced a significant slowdown in the second quarter, hitting a 3.5-year low as imbalances within the system continued to deteriorate. This decline in growth signals brewing challenges for the world’s second-largest economy. Analysts point to a weakening domestic market and trade tensions as prominent factors driving this deceleration. Concerns escalate over the sustainability of China’s growth trajectory given the deepening imbalances that exacerbate existing vulnerabilities. Foreign investors watch closely amid fears of a ripple effect on global financial markets. The deceleration in China’s economic growth for the second quarter underscores a broader concern about the country’s economic stability….