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

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