China's second-quarter growth beats forecasts but deflation fears fuel calls for stimulus, deeper reform
36d ago
Business
CNBC

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.