China's economy seen slowing in Q2 as stimulus calls grow

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China's economy seen slowing in Q2 as stimulus calls grow
Domestic DemandPolitburoEconomic Confidence
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China's economy likely slowed in the second quarter as a protracted property downturn and job insecurity weighed on domestic demand, keeping alive...

BEIJING - China 's economy likely slowed in the second quarter as a protracted property downturn and job insecurity weighed on domestic demand , keeping alive expectations Beijing will need to unleash more stimulus.

The government is aiming for economic growth of around 5.0% for 2024, a target that many analysts believe is ambitious and may require more stimulus. GDP data is due on Monday at 0200 GMT. Separate data on June activity is expected to show both industrial output and retail sales slowing. Citi analysts expect the government to unleash another round of property-supporting measures after a meeting of the Politburo, a top decision-making of the ruling Communist Party, that is expected in late July.

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