{"id":24673,"date":"2026-07-15T09:08:02","date_gmt":"2026-07-15T06:08:02","guid":{"rendered":"https:\/\/ukrmedia.news\/?p=24673"},"modified":"2026-07-15T09:08:02","modified_gmt":"2026-07-15T06:08:02","slug":"zrostannia-vvp-kytaiu-43-vidsotky","status":"publish","type":"post","link":"https:\/\/ukrmedia.news\/en\/economics\/zrostannia-vvp-kytaiu-43-vidsotky\/","title":{"rendered":"China\u2019s economy has slowed sharply: GDP grew by just 4.3%"},"content":{"rendered":"<p class=\"news-lead\">China\u2019s economy grew by 4.3% year-on-year in April\u2013June 2026, slowing from 5% in the first quarter, according to the National Bureau of Statistics of China. The figure fell short of the lower end of the government\u2019s annual target range, although growth for the first half of the year stood at 4.7%. Growth was weighed down by weak consumption, investment and a downturn in the housing market.<\/p>\n<div class=\"news-summary-box\">\n<p><strong>Briefly about the main points<\/strong><\/p>\n<ul>\n<li>China\u2019s GDP grew by 4.3% in the second quarter, following 5% in the first.<\/li>\n<li>The half-yearly increase of 4.7% remains within the government\u2019s target range.<\/li>\n<li>Investment in fixed assets fell by 5.7% over the first half of the year.<\/li>\n<li>Exports in dollars rose by 27% in June, whilst imports rose by 36%.<\/li>\n<li>High-tech manufacturing grew faster than domestic demand.<\/li>\n<\/ul>\n<\/div>\n<h2>The annual target is not yet out of reach<\/h2>\n<p>In March, the government <a href=\"https:\/\/ukrmedia.news\/politics\/lukashenko-vizit-do-kitayu\/\">CHINA<\/a> has set an economic growth target for 2026 in the range of 4.5\u20135%. Therefore, the quarterly figure of 4.3% does not in itself mean that the annual target has not been met: between January and June, the economy grew by 4.7%, meaning it remains within the announced range.<\/p>\n<p>On a quarterly basis, GDP grew by 0.9%. According to the NBS, the economy\u2019s output for the first half of the year stood at 69.57 trillion yuan. The Bureau stated that the external environment is becoming increasingly volatile and uncertain, whilst the imbalance between strong supply and weak domestic demand remains acute.<\/p>\n<h2>Property and investment are dragging down domestic demand<\/h2>\n<p>The most significant decline was recorded in investment. Capital expenditure on fixed assets over the six-month period fell by 5.7% compared with the same period last year, whilst private investment fell by 8.5%. Investment in property fell by 18%.<\/p>\n<p>The housing market remained weak in June: prices for new homes fell by 0.1%, although the rate of decline was slower than in the previous month. The floor area of new-build properties sold over the first half of the year fell by 11.6%, whilst their sale price fell by 13.6%.<\/p>\n<p>Consumption also recovered slowly. Retail sales rose by 1% in June following a 0.6% decline in May, but over the first half of the year, sales of consumer goods increased by only 1.3%. At the same time, the volume of services increased by 5.3%.<\/p>\n<h2>Technology exports have bolstered production<\/h2>\n<p>Against a backdrop of sluggish domestic demand, industry and foreign trade performed more strongly. Industrial production rose by 5.3% year-on-year in June, following a 4.5% increase in May. High-tech manufacturing grew by 13.3% over the first half of the year.<\/p>\n<p>According to customs data, exports in June rose by 27% in dollar terms, imports by 36%, and the trade surplus stood at 125.6 billion dollars. The growth was attributed primarily to global demand for semiconductors, components and computer equipment for artificial intelligence systems, as well as to deliveries of electric vehicles.<\/p>\n<p>In the first half of the year, exports of electromechanical products rose by 20.1%, and their share of China\u2019s total exports reached 63.5%. At the same time, official statistics do not reveal exactly what contribution net exports made to second-quarter GDP growth.<\/p>\n<ul>\n<li>Production of industrial robots rose by 28% over the half-year.<\/li>\n<li>Production of lithium-ion batteries rose by 39.3%.<\/li>\n<li>Production of 3D printing equipment increased by 48.5%.<\/li>\n<\/ul>\n<h2>The export sector faces external risks<\/h2>\n<p>The published data paint a mixed picture: manufacturing and exports are partially offsetting the decline in investment and subdued consumption, but they do not resolve the domestic imbalances highlighted by the NBS. The acceleration in industrial output and retail sales in June may signal an improvement towards the end of the quarter, but one month is not enough to reverse the weak half-yearly figures for goods demand and capital investment.<\/p>\n<p>Prior to the publication of the new statistics, the World Bank had forecast growth of 4.4% for China in 2026. This is a forecast, not a definitive figure: it is based on the assumption that consumption will be subdued, that problems in the property sector will constrain private investment, and that export growth will gradually slow due to weaker external demand. Wang Jun, a spokesperson for the Chinese customs authority, also highlighted serious risks to trade in the second half of the year.<\/p>","protected":false},"excerpt":{"rendered":"<p>Following growth of 5% in the first quarter, China\u2019s GDP rose by 4.3%. The economy was buoyed by the technology sector and exports.<\/p>","protected":false},"author":207433346,"featured_media":24679,"comment_status":"open","ping_status":"open","sticky":false,"template":"","format":"standard","meta":{"rank_math_description":"\u041f\u0456\u0441\u043b\u044f \u0437\u0440\u043e\u0441\u0442\u0430\u043d\u043d\u044f \u043d\u0430 5% \u0443 I \u043a\u0432\u0430\u0440\u0442\u0430\u043b\u0456 \u0412\u0412\u041f \u041a\u0438\u0442\u0430\u044e \u0434\u043e\u0434\u0430\u0432 4,3%. \u041f\u0456\u0434\u0442\u0440\u0438\u043c\u043a\u0443 \u0435\u043a\u043e\u043d\u043e\u043c\u0456\u0446\u0456 \u0437\u0430\u0431\u0435\u0437\u043f\u0435\u0447\u0438\u043b\u0438 \u0442\u0435\u0445\u043d\u043e\u043b\u043e\u0433\u0456\u0447\u043d\u0435 \u0432\u0438\u0440\u043e\u0431\u043d\u0438\u0446\u0442\u0432\u043e \u0442\u0430 \u0435\u043a\u0441\u043f\u043e\u0440\u0442.","rank_math_title":"\u0412\u0412\u041f \u041a\u0438\u0442\u0430\u044e \u0437\u0440\u0456\u0441 \u043d\u0430 4,3% \u0443 \u0434\u0440\u0443\u0433\u043e\u043c\u0443 \u043a\u0432\u0430\u0440\u0442\u0430\u043b\u0456 2026 \u0440\u043e\u043a\u0443","rank_math_focus_keyword":"\u0412\u0412\u041f \u041a\u0438\u0442\u0430\u044e","td_subtitle":"","subtitle":"","footnotes":""},"categories":[805618],"tags":[806753,806814],"class_list":["post-24673","post","type-post","status-publish","format-standard","has-post-thumbnail","category-economics","tag-806753","tag-finansy"],"_links":{"self":[{"href":"https:\/\/ukrmedia.news\/en\/wp-json\/wp\/v2\/posts\/24673","targetHints":{"allow":["GET"]}}],"collection":[{"href":"https:\/\/ukrmedia.news\/en\/wp-json\/wp\/v2\/posts"}],"about":[{"href":"https:\/\/ukrmedia.news\/en\/wp-json\/wp\/v2\/types\/post"}],"author":[{"embeddable":true,"href":"https:\/\/ukrmedia.news\/en\/wp-json\/wp\/v2\/users\/207433346"}],"replies":[{"embeddable":true,"href":"https:\/\/ukrmedia.news\/en\/wp-json\/wp\/v2\/comments?post=24673"}],"version-history":[{"count":1,"href":"https:\/\/ukrmedia.news\/en\/wp-json\/wp\/v2\/posts\/24673\/revisions"}],"predecessor-version":[{"id":24680,"href":"https:\/\/ukrmedia.news\/en\/wp-json\/wp\/v2\/posts\/24673\/revisions\/24680"}],"wp:featuredmedia":[{"embeddable":true,"href":"https:\/\/ukrmedia.news\/en\/wp-json\/wp\/v2\/media\/24679"}],"wp:attachment":[{"href":"https:\/\/ukrmedia.news\/en\/wp-json\/wp\/v2\/media?parent=24673"}],"wp:term":[{"taxonomy":"category","embeddable":true,"href":"https:\/\/ukrmedia.news\/en\/wp-json\/wp\/v2\/categories?post=24673"},{"taxonomy":"post_tag","embeddable":true,"href":"https:\/\/ukrmedia.news\/en\/wp-json\/wp\/v2\/tags?post=24673"}],"curies":[{"name":"wp","href":"https:\/\/api.w.org\/{rel}","templated":true}]}}