China, Q2 and GDP
Digest more
In the first half of the year, the world's second-largest economy expanded by 5.3 percent, the NBS said Tuesday.
China’s Q2 GDP growth met government targets at 5.2% YoY, but the recovery remains uneven beneath the headline numbers. High-tech manufacturing and services are driving growth, while real estate and retail sectors continue to struggle, highlighting structural challenges.
China's smartphone shipments dropped by 4.0% Y/Y in the second quarter, the International Data Corporation (IDC) said on Tuesday.
Looming U.S. tariffs, together with a real estate market slump feeding into weakening consumer confidence, saw China's GDP growth slow in the second quarter.
China has set an ambitious full-year growth target of around 5%. The National Bureau of Statistics data revealed that the country's GDP grew by 1.1% in the April-June period on a quarterly basis. This was higher than the forecasted 0.9% increase but slightly lower than the previous quarter's 1.2% gain.
Apple posted a slight gain in global iPhone shipments in Q2, navigating falling demand in China with growth elsewhere.