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Extreme weather behind China’s economy rising uncertainties, state bureau says many challenges in second half of 2024
Monday, 15 Jul 2024 11:23 AM MYT
BEIJING, July 15 — China's economy is facing increasing external uncertainties and many domestic difficulties and challenges in the second half, a spokesperson for the National Bureau of Statistics said on Monday.
China's GDP growth of 5 per cent in the first half was "hard won” as businesses face relatively large pressures and key sectors face many risks, the spokesperson said in a statement published on the bureau's website.
The spokesperson also said China's economic growth in the second quarter was affected by short-term factors such as extreme weather and flooding. — Reuters
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