05.08.2019
|
Economic Data
China Economic Update Q2 2019
Key findings:
- Missing the expected 6.3%, Chinese economy grew 6.2% in the second quarter (Q2) over a year before
- The slowdown in domestic consumption was even more alarming than the headline GDP growth may suggest
- Foreign direct investment (FDI) in manufacturing plummeted in Q2
- The pace of profits slowdown of foreign companies slightly picked up, from 7.9% by March to 8.4% by June