China’s Economic Slowdown: Q2 GDP Growth at 4.3%

China’s economy experienced a notable deceleration in the second quarter, with GDP growth slowing to 4.3%, marking its lowest rate since late 2022. The official figures released on Wednesday fell below expectations, significantly lower than the strong 5% growth seen in the previous quarter. Despite a surge in exports driven by AI advancement and global demand for Chinese electric vehicles, domestic spending and investment have not kept pace, hampering the economy’s recovery post-COVID lockdowns. China’s strategy of heavy investment in frontier technologies like AI and robotics has resulted in imbalanced growth, as high-tech exports thrive while traditional industries struggle. The…