China's economy experienced its slowest growth rate in years during the last quarter, falling short of its official targets. The nation's economic expansion registered an annual pace of 4.3 percent.
This marks the slowest quarterly growth recorded since late 2022 and is the first instance of China missing its growth target since the COVID-19 pandemic. The slowdown comes amidst a slump in investment.
The weaker-than-expected performance has led to increased calls for economic stimulus measures. This is a developing story and will be updated as details emerge.
