China Slows Despite Aggressive Stimulus

China has seen a slowdown in investment, including in real estate and infrastructure, the primary driver of growth in recent years Photograph by Nelson Ching/Bloomberg

Amid growing concerns that China’s growth figures may be overstated, the National Bureau of Statistics announced July 13 that gross domestic product grew 7.6 percent in the second quarter, its slowest pace in three years. A slowdown in investment, including in real estate and infrastructure, the primary driver of China’s growth in recent years, plus a still fragile global economy, are hampering efforts to finesse a soft landing in the world’s second-largest economy.

To continue reading this article you must be a Bloomberg Professional Service Subscriber.