- China's growth cooled to 4.3% year-on-year in Q2 — the slowest since late 2022 and below expectations after a stronger Q1.
- Factories and exports (notably AI hardware and green tech) are powering growth, while consumer spending, private investment and the property sector remain weak.
- Policymakers face pressure to act — from possible rate cuts to local bond measures — as the Iran-related oil shock and fragile domestic demand threaten momentum.
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