China’s Economy Records Slowest Growth in Over 3 Years Amid Global AI Driven Exports

China’s economy faced a significant slowdown recently, with its growth hitting the lowest point in over three years. During the second quarter, the National Bureau of Statistics reported a modest 4.3% year-on-year expansion for April-June, falling short of expectations. This rate was notably below the 4.5% forecasted by economists and marks the slowest growth since the final quarter of 2022. The slightly improving but challenging situation has witnessed China aiming for an annual growth rate between 4.5% to 5%. The economic struggles are attributed to long-standing issues in the property sector coupled with a continuous decline in domestic spending. With…