Five Things You Need to Know to Start Your Day

China’s economic growth sputters, the consequences of a falling dollar, and why the Federal Reserve may cut rates in March. — Tiffany Tsoi

China’s economic recovery lost momentum in the second quarter, adding to risks for the world economy as Beijing hints that any stimulus measures will be targeted rather than broad. Gross domestic product grew at a slower-than-expected pace of 6.3% in the second quarter compared with a year earlier, when dozens of Chinese cities were in lockdown, but just less than 1% from the first quarter. Investment by China’s vast property sector also worsened in June from the previous month, a sign of ongoing pain in the housing market. “Property is the key to resolving the various current problems,” said Jacqueline Rong, chief China economist at BNP Paribas SA. “The central bank needs to put a floor to the credit crisis among developers to help them survive.”