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China's second-quarter growth beats forecasts but deflation fears fuel calls for stimulus, deeper reform

36d ago
Business
CNBC
China's second-quarter growth beats forecasts but deflation fears fuel calls for stimulus, deeper reform
China's economy grew faster than expected in the second quarter, surpassing economists' predictions with a 5.1% increase. However, this figure marks a slowdown compared to the 5.4% growth experienced in the first quarter. The slightly better-than-expected results haven't quelled concerns about deflation, leading to increased calls for economic stimulus and deeper structural reforms to bolster long-term economic stability and growth.
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