China’s economy growing slower than expected as leaders meet for third plenum

China’s economy growing slower than expected as leaders meet for third plenum

The world’s second-largest economy is grappling with a real estate debt crisis, weakening consumption, an ageing population and geopolitical tensions

China’s economy slowed more than expected in the June quarter, increasing the likelihood that a gathering of top officials in Beijing this week will unveil efforts to rekindle growth.

The world’s second-largest economy expanded by 4.7% in the April-June period from a year earlier, the National Bureau of Statistics said on Monday. That result was down from 5.3% growth in the March quarter and the 5.1% rate economists had predicted.

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