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China second quarter GDP growth slows to 27-year low, more stimulus expected

BEIJING (Reuters) - China’s economic growth slowed to 6.2% in the second quarter, its weakest pace in at least 27 years, as demand at home and abroad faltered in the face of mounting U.S. trade pressure.

While more upbeat June factory output and retail sales offered signs of improvement, some analysts cautioned the gains may not be sustainable, and expect Beijing will continue to roll out more support measures in coming months.

China’s trading partners and financial markets are closely watching the health of the world’s second-largest economy as the Sino-U.S. trade war gets longer and costlier, fuelling worries of a global recession.

Monday’s growth data marked a loss of momentum for the economy from the first quarter’s 6.4%, amid expectations that Beijing needs to do more to boost consumption and investment and restore business confidence.
 
from-www.reuters.com
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