{"id":2044204,"date":"2026-07-15T08:13:25","date_gmt":"2026-07-15T05:13:25","guid":{"rendered":"https:\/\/analyse.optim.biz\/?p=2044204"},"modified":"2026-07-15T08:13:25","modified_gmt":"2026-07-15T05:13:25","slug":"chinas-economic-growth-hits-slowest-pace-in-more-than-three-years","status":"publish","type":"post","link":"https:\/\/analyse.optim.biz\/?p=2044204","title":{"rendered":"China&#8217;s economic growth hits slowest pace in more than three years"},"content":{"rendered":"<p>[analyse_image type=&#8221;featured&#8221; src=&#8221;https:\/\/images.euronews.com\/articles\/stories\/09\/83\/84\/04\/1200x675_cmsv2_79ace7ef-9564-5424-a491-c17be47a9419-9838404.jpg&#8221;]<\/p>\n<article id=\"abe-2909966-pos1-c-latest-stories\" class=\"the-media-object m-modeMobile-1 m-modeDesktop-1 m-modeXL-1\" data-nid=\"2909966\" data-cid=\"9838418\" data-part-label=\"Partner content\">\n<figure id=\"abe-2909966-label-pos1-c-latest-stories\" class=\"the-media-object__figure\"><img decoding=\"async\" class=\"the-media-object__image\" src=\"https:\/\/images.euronews.com\/articles\/stories\/09\/83\/84\/18\/189x106_cmsv2_7638c992-ea09-516c-823b-a5e68eb2102f-9838418.jpg\" loading=\"lazy\" alt=\"FIFA adds Tom Cruise, Jennifer Hudson and Robbie Williams to World Cup closing ceremony \" height=\"9\" width=\"16\"><\/figure>\n<div class=\"the-media-object__content\">\n                    Culture news<\/p>\n<div class=\"the-media-object__title  \">\n<p>    FIFA goes all out for A-list cameos at first World Cup halftime show\n  <\/p><\/div>\n<\/div>\n<\/article>\n<article id=\"abe-2909810-pos2-c-latest-stories\" class=\"the-media-object m-modeMobile-1 m-modeDesktop-1 m-modeXL-1\" data-nid=\"2909810\" data-cid=\"9837635\" data-part-label=\"Partner content\">\n<figure id=\"abe-2909810-label-pos2-c-latest-stories\" class=\"the-media-object__figure\"><img decoding=\"async\" class=\"the-media-object__image\" src=\"https:\/\/images.euronews.com\/articles\/stories\/09\/83\/76\/35\/189x106_cmsv2_8893d8af-3767-5c57-bb95-92b65d83f6da-9837635.jpg\" loading=\"lazy\" alt=\"Royal Liverpool Golf Club has regularly hosted The Open Championship \" height=\"9\" width=\"16\"><\/figure>\n<div class=\"the-media-object__content\">\n                    Travel News<\/p>\n<div class=\"the-media-object__title  \">\n<p>    From ocean to fairway: Cruise line tees off with golf itineraries\n  <\/p><\/div>\n<\/div>\n<\/article>\n<article id=\"abe-2909694-pos3-c-latest-stories\" class=\"the-media-object m-modeMobile-1 m-modeDesktop-1 m-modeXL-1 the-media-object--has-video\" data-nid=\"2909694\" data-cid=\"9837077\" data-part-label=\"Partner content\">\n<figure id=\"abe-2909694-label-pos3-c-latest-stories\" class=\"the-media-object__figure\"><img decoding=\"async\" class=\"the-media-object__image\" src=\"https:\/\/images.euronews.com\/articles\/stories\/09\/83\/70\/77\/189x106_cmsv2_ceaa7c42-1706-5c86-a67e-fdd6617da78e-9837077.jpg\" loading=\"lazy\" alt=\"Where in the EU is the population growing the most?\" height=\"9\" width=\"16\"><\/figure>\n<div class=\"the-media-object__content\">\n                    Europe in Motion<\/p>\n<div class=\"the-media-object__title  \">\n<p>    Where is the EU&#8217;s population growing the most?\n  <\/p><\/div>\n<\/div>\n<\/article>\n<article id=\"abe-2909953-pos4-c-latest-stories\" class=\"the-media-object m-modeMobile-1 m-modeDesktop-1 m-modeXL-1 the-media-object--has-video\" data-nid=\"2909953\" data-cid=\"9838341\" data-part-label=\"Partner content\">\n<figure id=\"abe-2909953-label-pos4-c-latest-stories\" class=\"the-media-object__figure\"><img decoding=\"async\" class=\"the-media-object__image\" src=\"https:\/\/images.euronews.com\/articles\/stories\/09\/83\/83\/41\/189x106_cmsv2_12573852-23a0-543b-9608-37ed83932457-9838341.jpg\" loading=\"lazy\" alt=\"Carl Skau, Executive Director UN World Food Programme\" height=\"9\" width=\"16\"><\/figure>\n<div class=\"the-media-object__content\">\n                    Europe Today<\/p>\n<div class=\"the-media-object__title  \">\n<p>    Food insecurity &#8216;on the increase&#8217;, World Food Programme Director says\n  <\/p><\/div>\n<\/div>\n<\/article>\n<article id=\"abe-2909966-pos1-c-latest-stories-sidebar\" class=\"the-media-object m-modeMobile-2 m-modeDesktop-2 m-modeXL-2\" data-nid=\"2909966\" data-cid=\"9838418\" data-part-label=\"Partner content\">\n<figure id=\"abe-2909966-label-pos1-c-latest-stories-sidebar\" class=\"the-media-object__figure\"><img decoding=\"async\" class=\"the-media-object__image\" src=\"https:\/\/images.euronews.com\/articles\/stories\/09\/83\/84\/18\/189x106_cmsv2_7638c992-ea09-516c-823b-a5e68eb2102f-9838418.jpg\" loading=\"lazy\" alt=\"FIFA adds Tom Cruise, Jennifer Hudson and Robbie Williams to World Cup closing ceremony \" height=\"9\" width=\"16\"><\/figure>\n<div class=\"the-media-object__content\">\n                    Culture news<\/p>\n<div class=\"the-media-object__title  \">\n<p>    FIFA goes all out for A-list cameos at first World Cup halftime show\n  <\/p><\/div>\n<\/div>\n<\/article>\n<article id=\"abe-2909810-pos2-c-latest-stories-sidebar\" class=\"the-media-object m-modeMobile-2 m-modeDesktop-2 m-modeXL-2\" data-nid=\"2909810\" data-cid=\"9837635\" data-part-label=\"Partner content\">\n<figure id=\"abe-2909810-label-pos2-c-latest-stories-sidebar\" class=\"the-media-object__figure\"><img decoding=\"async\" class=\"the-media-object__image\" src=\"https:\/\/images.euronews.com\/articles\/stories\/09\/83\/76\/35\/189x106_cmsv2_8893d8af-3767-5c57-bb95-92b65d83f6da-9837635.jpg\" loading=\"lazy\" alt=\"Royal Liverpool Golf Club has regularly hosted The Open Championship \" height=\"9\" width=\"16\"><\/figure>\n<div class=\"the-media-object__content\">\n                    Travel News<\/p>\n<div class=\"the-media-object__title  \">\n<p>    From ocean to fairway: Cruise line tees off with golf itineraries\n  <\/p><\/div>\n<\/div>\n<\/article>\n<article id=\"abe-2909694-pos3-c-latest-stories-sidebar\" class=\"the-media-object m-modeMobile-2 m-modeDesktop-2 m-modeXL-2 the-media-object--has-video\" data-nid=\"2909694\" data-cid=\"9837077\" data-part-label=\"Partner content\">\n<figure id=\"abe-2909694-label-pos3-c-latest-stories-sidebar\" class=\"the-media-object__figure\"><img decoding=\"async\" class=\"the-media-object__image\" src=\"https:\/\/images.euronews.com\/articles\/stories\/09\/83\/70\/77\/189x106_cmsv2_ceaa7c42-1706-5c86-a67e-fdd6617da78e-9837077.jpg\" loading=\"lazy\" alt=\"Where in the EU is the population growing the most?\" height=\"9\" width=\"16\"><\/figure>\n<div class=\"the-media-object__content\">\n                    Europe in Motion<\/p>\n<div class=\"the-media-object__title  \">\n<p>    Where is the EU&#8217;s population growing the most?\n  <\/p><\/div>\n<\/div>\n<\/article>\n<article id=\"abe-2909953-pos4-c-latest-stories-sidebar\" class=\"the-media-object m-modeMobile-2 m-modeDesktop-2 m-modeXL-2 the-media-object--has-video\" data-nid=\"2909953\" data-cid=\"9838341\" data-part-label=\"Partner content\">\n<figure id=\"abe-2909953-label-pos4-c-latest-stories-sidebar\" class=\"the-media-object__figure\"><img decoding=\"async\" class=\"the-media-object__image\" src=\"https:\/\/images.euronews.com\/articles\/stories\/09\/83\/83\/41\/189x106_cmsv2_12573852-23a0-543b-9608-37ed83932457-9838341.jpg\" loading=\"lazy\" alt=\"Carl Skau, Executive Director UN World Food Programme\" height=\"9\" width=\"16\"><\/figure>\n<div class=\"the-media-object__content\">\n                    Europe Today<\/p>\n<div class=\"the-media-object__title  \">\n<p>    Food insecurity &#8216;on the increase&#8217;, World Food Programme Director says\n  <\/p><\/div>\n<\/div>\n<\/article>\n<article class=\"helper-site-row o-article-newsy\">\n<div class=\"helper-site-container o-article-newsy__container\">\n<div class=\"o-article-newsy__main\">\n<header class=\"h-grid o-article-newsy__main__header\">\n<nav aria-label=\"Breadcrumbs\" class=\"c-article-breadcrumbs\">\n<div id=\"adb-article-breadcrumb\" class=\"c-article-breadcrumbs__list\">\n<p>                          Business<\/p>\n<p>                          Economy<\/p><\/div>\n<\/nav>\n<h1 class=\"c-article-redesign-title\">\n                            China&#8217;s economic growth hits slowest pace in more than three years<\/h1>\n<div class=\"c-article-image-video u-position-relative \">\n<div class=\"js-superdiv u-aspect-ratio-16x9 u-position-relative \" data-sponsored=\"Partner content\"><img fetchpriority=\"high\" decoding=\"async\" class=\"js-poster-img c-article-media__img\" src=\"https:\/\/images.euronews.com\/articles\/stories\/09\/83\/84\/04\/1536x864_cmsv2_79ace7ef-9564-5424-a491-c17be47a9419-9838404.jpg\" width=\"1536\" height=\"864\" loading=\"eager\" alt=\"File - Heavy equipment and cars are prepared for shipment by rail in Yantai, eastern China&apos;s Shandong province. 20 June 2026\"><\/div>\n<div class=\"c-article-caption u-position-absolute\"><i id=\"article-caption-content\" class=\"c-article-caption__content\"><span class=\"c-article-caption__text\"><br \/>\n              File &#8211; Heavy equipment and cars are prepared for shipment by rail in Yantai, eastern China&#8217;s Shandong province. 20 June 2026<br \/>\n                    <span class=\"u-color-white\">&#8211;\u00a0<\/span><span class=\"c-article-caption__copyright\">Copyright\u00a0<\/span><span class=\"c-article-caption__credit\">(Chinatopix via AP) CHINA OUT<\/span><\/span><\/i><\/div>\n<div class=\"c-article-image-copyright c-article-image-copyright--novideo\">\n      Copyright\u00a0(Chinatopix via AP) CHINA OUT\n  <\/div>\n<\/div>\n<\/header>\n<div class=\"h-grid o-article-newsy__main__body u-article-content\">\n<div class=\"o-article-newsy__contributors-publication-date\">\n<div class=\"c-article-contributors\">\n  By&amp;nbspDoloresz Katanich&amp;nbspwith&amp;nbsp<b>AP<\/b><\/div>\n<div class=\"c-article-publication-date\" data-timestamp=\"1784103205\">\n         Published on<br \/>\n            <time datetime=\"2026-07-15 10:13:25 +02:00\">15\/07\/2026 &#8211; 10:13 GMT+2<\/time><\/div>\n<\/div>\n<div class=\"c-article-share-comment u-align-items-center u-display-flex\"><span class=\"c-article-share-comment__links u-align-items-center u-display-flex u-justify-content-center js-c-article-share-comment-share\"><span class=\"c-article-share-comment__label\">Share<\/span><\/span><span class=\"c-article-share-comment__label\">Comments<\/span><span class=\"c-article-share-comment__label c-article-share-comment__label--always\">Add Euronews on Google<\/span><\/div>\n<div class=\"c-article-share-comment-popup-overlay js-c-article-share-comment-popup-overlay u-display-none\">\n<div 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loading=\"lazy\"><span>Threads<\/span><\/span><img decoding=\"async\" src=\"https:\/\/static.euronews.com\/website\/images\/vector\/social-icons\/article-redesign-threads.svg\" width=\"48\" height=\"48\" alt=\"threads\" class=\"u-show-for-desktop\" loading=\"lazy\"><span class=\"u-display-flex u-gap-1 u-show-for-mobile-only\"><img decoding=\"async\" src=\"https:\/\/static.euronews.com\/website\/images\/vector\/social-icons\/article-redesign-whatsapp.svg\" width=\"24\" height=\"24\" alt=\"whatsapp\" loading=\"lazy\"><span>Whatsapp<\/span><\/span><img decoding=\"async\" src=\"https:\/\/static.euronews.com\/website\/images\/vector\/social-icons\/article-redesign-whatsapp.svg\" width=\"48\" height=\"48\" alt=\"whatsapp\" class=\"u-show-for-desktop\" loading=\"lazy\"><\/div>\n<\/div>\n<\/div>\n<\/div>\n<h2 class=\"c-article-summary\">\n        China&#8217;s economy grew 4.3% year on year in the second quarter, its weakest pace since late 2022, as weak domestic demand and a prolonged property downturn outweighed strong exports, increasing pressure on Beijing to provide more economic support.<br \/>\n    <\/h2>\n<div class=\"c-article-content c-article-content--business js-article-content\">\n<p>China&#8217;s economy slowed sharply to 4.3% year-on-year growth in the April-June quarter, the government said Wednesday, the weakest pace in over three years.<\/p>\n<div>\n<div class=\"c-ad u-show-for-mobile-only\">\n<div class=\"c-ad__placeholder\"><img decoding=\"async\" class=\"c-ad__placeholder__logo\" src=\"https:\/\/static.euronews.com\/website\/images\/logos\/logo-euronews-stacked-outlined-72x72-grey-9.svg\" width=\"72\" height=\"72\" alt loading=\"lazy\"><span>ADVERTISEMENT<\/span><\/div>\n<\/div>\n<div class=\"c-ad u-show-for-desktop\">\n<div class=\"c-ad__placeholder\"><img decoding=\"async\" class=\"c-ad__placeholder__logo\" src=\"https:\/\/static.euronews.com\/website\/images\/logos\/logo-euronews-stacked-outlined-72x72-grey-9.svg\" width=\"72\" height=\"72\" alt loading=\"lazy\"><span>ADVERTISEMENT<\/span><\/div>\n<\/div>\n<\/div>\n<p>The official data fell short of forecasts and was well below the economy&#8217;s strong 5% growth pace in January-March, despite a surge in exports, driven in part by the artificial intelligence boom and robust global demand for Chinese electric vehicles.<\/p>\n<p>&#8220;This was the slowest growth in any quarter since the lockdown-impacted fourth quarter of 2022,&#8221; said Lynn Song, chief economist for Greater China at ING Bank, in a note.<\/p>\n<p>China has largely shrugged off the wider economic impact of the war in Iran as soaring energy prices have pushed up global inflation. Exports rose 17.6% in the first half of the year compared with a year earlier, and 27% in June, according to customs data.<\/p>\n<p>Despite the broader economic slowdown, there were some signs of resilience in consumer spending. According to the National Bureau of Statistics of China, retail sales rose 1.0% in June from a year earlier, rebounding from a decline in May and beating expectations. Sales of communication equipment and cosmetics were particularly strong, while purchases of cars and other big-ticket items remained weak.<\/p>\n<p>Industrial production also exceeded expectations, rising 5.3% in June from a year earlier and accelerating from May, driven by stronger manufacturing output.<\/p>\n<h2><strong>Why is China&#8217;s economy slowing?<\/strong><\/h2>\n<p>Some economists say China&#8217;s economy is becoming increasingly unbalanced as heavy state support and private investments pour into frontier technologies such as AI, computer chips and robotics, while other areas such as lower-value manufacturing and job-creating service industries languish.<\/p>\n<p>Exports of high-tech products such as electric vehicles, computer chips and other electronic equipment have risen sharply, helped by hefty government support after China&#8217;s leaders made development of advanced technologies a top priority.<\/p>\n<h2><strong>Can exports keep driving growth?<\/strong><\/h2>\n<p>China ran a record global trade surplus of $1.2 trillion (\u20ac1.05tr) last year, drawing complaints from policymakers in other countries over their trade imbalances with the world&#8217;s second-largest economy. Many have pointed to those heavy state subsidies, which they say contribute to an oversupply of manufactured goods that end up being exported overseas.<\/p>\n<div class=\"c-widget-related\" data-stories-id data-event=\"widget_related\">\n<div class=\"c-widget-related__title\"><b class=\"c-widget-related__title__text\" lang=\"en\">Related<\/b><\/div>\n<ul class=\"c-widget-related__list\">\n<li class=\"c-widget-related__item\">China&#8217;s June exports surge 27% from a year earlier as AI boom drives strong demand<\/li>\n<li class=\"c-widget-related__item\">IMF to closely monitor China\u2019s economic growth amid trade tensions<\/li>\n<\/ul>\n<\/div>\n<p>As is true in many countries, the expansion of AI and robotics has also raised worries at home over whether businesses will create enough jobs to sustain growth in the longer term.<\/p>\n<p>As China remains reliant on its exports to sustain overall growth, &#8220;China&#8217;s growth model has become increasingly imbalanced,&#8221; said Eswar Prasad, a professor of economics and trade policy at Cornell University. Substantially increasing domestic demand will be tough as confidence remains weak, he added.<\/p>\n<p>Mao Shengyong, deputy head of China&#8217;s National Bureau of Statistics, told reporters that, given the increasingly unstable and uncertain global situation, the imbalance between strong supply and weak demand &#8220;remains acute&#8221; at home.<\/p>\n<p>As China focuses on high-tech manufacturing and pursues &#8220;higher-quality economic growth,&#8221; it will work to build a robust domestic market and offer support to keep employment stable, he said.<\/p>\n<p>China&#8217;s economy is going through a &#8220;significant transition,&#8221; said Wei Li, head of Multi-Asset Investments at BNP Paribas Securities (China).<\/p>\n<p>For the whole of 2026, Chinese leaders have set a growth target of between 4.5% and 5%, slower than last year&#8217;s 5%. Overall economic growth for the first half of the year was 4.7%, the data released Wednesday showed.<\/p>\n<p>The International Monetary Fund recently raised its forecast for China&#8217;s annual growth by 0.2 percentage points to 4.6%. It expects China&#8217;s economy to expand by just 4.1% in 2027.<\/p>\n<\/div>\n<p>                                  Go to accessibility shortcuts<\/p>\n<div class=\"c-article-share-comment u-align-items-center u-display-flex\"><span class=\"c-article-share-comment__links u-align-items-center u-display-flex u-justify-content-center js-c-article-share-comment-share\"><span class=\"c-article-share-comment__label\">Share<\/span><\/span><span class=\"c-article-share-comment__label\">Comments<\/span><span class=\"c-article-share-comment__label c-article-share-comment__label--always\">Add Euronews on Google<\/span><\/div>\n<div id=\"adb-article-you-might-also-like\" class=\"perf-cv-auto c-article-you-might-also-like\">\n<h2 class=\"c-article-you-might-also-like__title\">\n        Read more<br \/>\n      <\/h2>\n<div class=\"c-article-you-might-also-like__container\">\n<article id=\"abe-2909801-pos0-c-article-you-might-also-like__item\" class=\"the-media-object m-modeMobile-1 m-modeDesktop-1 m-modeXL-1\" data-nid=\"2909801\" data-cid=\"9837601\" data-part-label=\"Partner content\">\n<figure id=\"abe-2909801-label-pos0-c-article-you-might-also-like__item\" class=\"the-media-object__figure\"><img decoding=\"async\" class=\"the-media-object__image\" src=\"https:\/\/images.euronews.com\/articles\/stories\/09\/83\/76\/01\/480x270_cmsv2_7faaaf12-7e4d-5dc2-aabb-8f15633dff49-9837601.jpg\" loading=\"lazy\" alt=\"FILE. 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The Euro sculpture stands in front of the former headquarters of the European Central Bank (ECB) in Frankfurt, Germany, May 2023\" height=\"9\" width=\"16\"><\/figure>\n<div class=\"the-media-object__content\">\n                    Economy<\/p>\n<h3 class=\"the-media-object__title  \">\n<p>    ECB selects 36 payment providers for digital euro pilot<br \/>\n  <\/h3>\n<\/div>\n<\/article>\n<article id=\"abe-2909656-pos1-c-article-you-might-also-like__item\" class=\"the-media-object m-modeMobile-1 m-modeDesktop-1 m-modeXL-1\" data-nid=\"2909656\" data-cid=\"9836831\" data-part-label=\"Partner content\">\n<figure id=\"abe-2909656-label-pos1-c-article-you-might-also-like__item\" class=\"the-media-object__figure\"><img decoding=\"async\" class=\"the-media-object__image\" src=\"https:\/\/images.euronews.com\/articles\/stories\/09\/83\/68\/31\/480x270_cmsv2_6e1484ee-2857-5917-8d82-3d9c566f4be2-9836831.jpg\" loading=\"lazy\" alt=\"An aerial view of new cars awaiting export to oversea markets is seen at a port in Shanghai, March 10, 2026. (Chinatopix via AP, File)\" height=\"9\" width=\"16\"><\/figure>\n<div class=\"the-media-object__content\">\n                    Economy<\/p>\n<h3 class=\"the-media-object__title  \">\n<p>    China&#8217;s June exports surge 27% from year earlier as AI demand grows<br \/>\n  <\/h3>\n<\/div>\n<\/article>\n<article id=\"abe-2908613-pos2-c-article-you-might-also-like__item\" class=\"the-media-object m-modeMobile-1 m-modeDesktop-1 m-modeXL-1\" data-nid=\"2908613\" data-cid=\"9832152\" data-part-label=\"Partner content\">\n<figure id=\"abe-2908613-label-pos2-c-article-you-might-also-like__item\" class=\"the-media-object__figure\"><img decoding=\"async\" class=\"the-media-object__image\" src=\"https:\/\/images.euronews.com\/articles\/stories\/09\/83\/21\/52\/480x270_cmsv2_a91953dd-ee35-5346-97be-473ae987f7b6-9832152.jpg\" loading=\"lazy\" alt=\"A double rainbow arches over buildings in Brussels, Sunday, June 28, 2026. \" height=\"9\" width=\"16\"><\/figure>\n<div class=\"the-media-object__content\">\n                    Economy<\/p>\n<h3 class=\"the-media-object__title  \">\n<p>    Where are property taxes highest and lowest in Europe?<br \/>\n  <\/h3>\n<\/div>\n<\/article>\n<article id=\"abe-2909792-pos2-top-stories\" class=\"the-media-object m-modeMobile-2 m-modeDesktop-2 m-modeXL-2 the-media-object--no-label\" data-nid=\"2909792\" data-cid=\"9837579\" data-part-label=\"Partner content\">\n<figure id=\"abe-2909792-label-pos2-top-stories\" class=\"the-media-object__figure\"><img decoding=\"async\" class=\"the-media-object__image\" src=\"https:\/\/images.euronews.com\/articles\/stories\/09\/83\/75\/79\/320x180_cmsv2_589974bd-9e53-597d-81c0-1ce893457a49-9837579.jpg\" loading=\"lazy\" alt=\"In this July 1996 file photo, Luxembourg&apos;s old town skyline is seen from across the deep gorge that runs through the city.\" height=\"9\" width=\"16\"><\/figure>\n<div class=\"the-media-object__content\">\n<h3 class=\"the-media-object__title  \">\n<p>    Europe&#8217;s corporate debt ranking: Which countries borrow the most?<br \/>\n  <\/h3>\n<\/div>\n<\/article>\n<article id=\"abe-2909709-pos3-top-stories\" class=\"the-media-object m-modeMobile-2 m-modeDesktop-2 m-modeXL-2 the-media-object--no-label\" data-nid=\"2909709\" data-cid=\"9837177\" data-part-label=\"Partner content\">\n<figure id=\"abe-2909709-label-pos3-top-stories\" class=\"the-media-object__figure\"><img decoding=\"async\" class=\"the-media-object__image\" src=\"https:\/\/images.euronews.com\/articles\/stories\/09\/83\/71\/77\/320x180_cmsv2_a91a6220-8ff0-5b89-bfbd-c3dc3dce4a49-9837177.jpg\" loading=\"lazy\" alt=\"France&apos;s Kylian Mbappe participates in a training session ahead of the team&apos;s semifinal match against Spain, 13 July 2026\" height=\"9\" width=\"16\"><\/figure>\n<div class=\"the-media-object__content\">\n<h3 class=\"the-media-object__title  \">\n<p>    France and Spain meet in the most expensive World Cup semi-final ever<br \/>\n  <\/h3>\n<\/div>\n<\/article>\n<article id=\"abe-2909801-pos4-top-stories\" class=\"the-media-object m-modeMobile-2 m-modeDesktop-2 m-modeXL-2 the-media-object--no-label\" data-nid=\"2909801\" data-cid=\"9837601\" data-part-label=\"Partner content\">\n<figure id=\"abe-2909801-label-pos4-top-stories\" class=\"the-media-object__figure\"><img decoding=\"async\" class=\"the-media-object__image\" src=\"https:\/\/images.euronews.com\/articles\/stories\/09\/83\/76\/01\/320x180_cmsv2_7faaaf12-7e4d-5dc2-aabb-8f15633dff49-9837601.jpg\" loading=\"lazy\" alt=\"FILE. The Euro sculpture stands in front of the former headquarters of the European Central Bank (ECB) in Frankfurt, Germany, May 2023\" height=\"9\" width=\"16\"><\/figure>\n<div class=\"the-media-object__content\">\n<h3 class=\"the-media-object__title  \">\n<p>    ECB selects 36 payment providers for digital euro pilot<br \/>\n  <\/h3>\n<\/div>\n<\/article>\n<article id=\"abe-2909662-pos5-top-stories\" class=\"the-media-object m-modeMobile-2 m-modeDesktop-2 m-modeXL-2 the-media-object--no-label\" data-nid=\"2909662\" data-cid=\"9836849\" data-part-label=\"Partner content\">\n<figure id=\"abe-2909662-label-pos5-top-stories\" class=\"the-media-object__figure\"><img decoding=\"async\" class=\"the-media-object__image\" src=\"https:\/\/images.euronews.com\/articles\/stories\/09\/83\/68\/49\/320x180_cmsv2_42b58e04-f90c-5dd1-8873-b96fac9efb9d-9836849.jpg\" loading=\"lazy\" alt=\"Two men wade in the waters of the Strait of Hormuz with vessels anchored in the background, off Bandar Abbas, Iran, Sunday, July 12, 2026.\" height=\"9\" width=\"16\"><\/figure>\n<div class=\"the-media-object__content\">\n<h3 class=\"the-media-object__title  \">\n<p>    Oil prices extend run higher as fighting flares in the Middle East<br \/>\n  <\/h3>\n<\/div>\n<\/article>\n<article id=\"abe-2908613-pos6-top-stories\" class=\"the-media-object m-modeMobile-2 m-modeDesktop-2 m-modeXL-2 the-media-object--no-label\" data-nid=\"2908613\" data-cid=\"9832152\" data-part-label=\"Partner content\">\n<figure id=\"abe-2908613-label-pos6-top-stories\" class=\"the-media-object__figure\"><img decoding=\"async\" class=\"the-media-object__image\" src=\"https:\/\/images.euronews.com\/articles\/stories\/09\/83\/21\/52\/320x180_cmsv2_a91953dd-ee35-5346-97be-473ae987f7b6-9832152.jpg\" loading=\"lazy\" alt=\"A double rainbow arches over buildings in Brussels, Sunday, June 28, 2026. \" height=\"9\" width=\"16\"><\/figure>\n<div class=\"the-media-object__content\">\n<h3 class=\"the-media-object__title  \">\n<p>    Where are property taxes highest and lowest in Europe?<br \/>\n  <\/h3>\n<\/div>\n<\/article>\n<article id=\"abe-2909429-pos1-mostViewed\" class=\"the-media-object m-modeMobile-3 m-modeDesktop-3 m-modeXL-3 the-media-object--has-video the-media-object--no-label\" data-nid=\"2909429\" data-cid=\"9835872\" data-part-label=\"Partner content\">\n<div class=\"the-media-object__content\">\n<h3 class=\"the-media-object__title  \">\n<p>    France shuts down nuclear reactors as heatwave intensifies<br \/>\n  <\/h3>\n<\/div>\n<\/article>\n<article id=\"abe-2908613-pos2-mostViewed\" class=\"the-media-object m-modeMobile-3 m-modeDesktop-3 m-modeXL-3 the-media-object--has-related the-media-object--no-label\" data-nid=\"2908613\" data-cid=\"9832152\" data-part-label=\"Partner content\">\n<div class=\"the-media-object__content\">\n<h3 class=\"the-media-object__title  \">\n<p>    Where are property taxes highest and lowest in Europe?<br \/>\n  <\/h3>\n<\/div>\n<\/article>\n<article id=\"abe-2909709-pos3-mostViewed\" class=\"the-media-object m-modeMobile-3 m-modeDesktop-3 m-modeXL-3 the-media-object--has-related the-media-object--no-label\" data-nid=\"2909709\" data-cid=\"9837177\" data-part-label=\"Partner content\">\n<div class=\"the-media-object__content\">\n<h3 class=\"the-media-object__title  \">\n<p>    France and Spain meet in the most expensive World Cup semi-final ever<br \/>\n  <\/h3>\n<\/div>\n<\/article>\n<article id=\"abe-2908815-pos4-mostViewed\" class=\"the-media-object m-modeMobile-3 m-modeDesktop-3 m-modeXL-3 the-media-object--has-related the-media-object--no-label\" data-nid=\"2908815\" data-cid=\"9833282\" data-part-label=\"Partner content\">\n<div class=\"the-media-object__content\">\n<h3 class=\"the-media-object__title  \">\n<p>    Holiday prices in Europe: Which country is cheapest?<br \/>\n  <\/h3>\n<\/div>\n<\/article>\n<article id=\"abe-2909425-pos5-mostViewed\" class=\"the-media-object m-modeMobile-3 m-modeDesktop-3 m-modeXL-3 the-media-object--has-related the-media-object--no-label\" data-nid=\"2909425\" data-cid=\"9835939\" data-part-label=\"Partner content\">\n<div class=\"the-media-object__content\">\n<h3 class=\"the-media-object__title  \">\n<p>    Renting in Spain less profitable: 71% now prefer to buy<br \/>\n  <\/h3>\n<\/div>\n<\/article>\n<div class=\"articleBody\" data-key=\"articleBody\">China&#8217;s economy slowed sharply to 4.3% year-on-year growth in the April-June quarter, the government said Wednesday, the weakest pace in over three years.The official data fell short of forecasts and was well below the economy&#8217;s strong 5% growth pace in January-March, despite a surge in exports, driven in part by the artificial intelligence boom and robust global demand for Chinese electric vehicles.&#8221;This was the slowest growth in any quarter since the lockdown-impacted fourth quarter of 2022,&#8221; said Lynn Song, chief economist for Greater China at ING Bank, in a note.China has largely shrugged off the wider economic impact of the war in Iran as soaring energy prices have pushed up global inflation. Exports rose 17.6% in the first half of the year compared with a year earlier, and 27% in June, according to customs data.Despite the broader economic slowdown, there were some signs of resilience in consumer spending. According to the National Bureau of Statistics of China, retail sales rose 1.0% in June from a year earlier, rebounding from a decline in May and beating expectations. Sales of communication equipment and cosmetics were particularly strong, while purchases of cars and other big-ticket items remained weak.Industrial production also exceeded expectations, rising 5.3% in June from a year earlier and accelerating from May, driven by stronger manufacturing output.Why is China&#8217;s economy slowing?Some economists say China&#8217;s economy is becoming increasingly unbalanced as heavy state support and private investments pour into frontier technologies such as AI, computer chips and robotics, while other areas such as lower-value manufacturing and job-creating service industries languish.Exports of high-tech products such as electric vehicles, computer chips and other electronic equipment have risen sharply, helped by hefty government support after China&#8217;s leaders made development of advanced technologies a top priority.Can exports keep driving growth?China ran a record global trade surplus of $1.2 trillion (\u20ac1.05tr) last year, drawing complaints from policymakers in other countries over their trade imbalances with the world&#8217;s second-largest economy. Many have pointed to those heavy state subsidies, which they say contribute to an oversupply of manufactured goods that end up being exported overseas.As is true in many countries, the expansion of AI and robotics has also raised worries at home over whether businesses will create enough jobs to sustain growth in the longer term.As China remains reliant on its exports to sustain overall growth, &#8220;China&#8217;s growth model has become increasingly imbalanced,&#8221; said Eswar Prasad, a professor of economics and trade policy at Cornell University. Substantially increasing domestic demand will be tough as confidence remains weak, he added.Mao Shengyong, deputy head of China&#8217;s National Bureau of Statistics, told reporters that, given the increasingly unstable and uncertain global situation, the imbalance between strong supply and weak demand &#8220;remains acute&#8221; at home.As China focuses on high-tech manufacturing and pursues &#8220;higher-quality economic growth,&#8221; it will work to build a robust domestic market and offer support to keep employment stable, he said.China&#8217;s economy is going through a &#8220;significant transition,&#8221; said Wei Li, head of Multi-Asset Investments at BNP Paribas Securities (China).For the whole of 2026, Chinese leaders have set a growth target of between 4.5% and 5%, slower than last year&#8217;s 5%. Overall economic growth for the first half of the year was 4.7%, the data released Wednesday showed.The International Monetary Fund recently raised its forecast for China&#8217;s annual growth by 0.2 percentage points to 4.6%. It expects China&#8217;s economy to expand by just 4.1% in 2027.<\/div>\n<p>[analyse_source url=&#8221;https:\/\/www.euronews.com\/business\/2026\/07\/15\/chinas-economic-growth-hits-slowest-pace-in-more-than-three-years&#8221;]<\/p>\n","protected":false},"excerpt":{"rendered":"<p>[analyse_image type=&#8221;featured&#8221; src=&#8221;https:\/\/images.euronews.com\/articles\/stories\/09\/83\/84\/04\/1200x675_cmsv2_79ace7ef-9564-5424-a491-c17be47a9419-9838404.jpg&#8221;] Culture news FIFA goes all out for A-list cameos at first World Cup halftime show Travel News From ocean to fairway: Cruise line tees off with golf itineraries Europe in Motion Where is the EU&#8217;s population growing the most? Europe Today Food insecurity &#8216;on the increase&#8217;, World Food Programme Director says Culture [&hellip;]<\/p>\n","protected":false},"author":1,"featured_media":0,"comment_status":"open","ping_status":"","sticky":false,"template":"","format":"standard","meta":{"footnotes":""},"categories":[90],"tags":[226,36],"class_list":["post-2044204","post","type-post","status-publish","format-standard","hentry","category-international","tag-crawlmanager","tag-euronews-com"],"_links":{"self":[{"href":"https:\/\/analyse.optim.biz\/index.php?rest_route=\/wp\/v2\/posts\/2044204","targetHints":{"allow":["GET"]}}],"collection":[{"href":"https:\/\/analyse.optim.biz\/index.php?rest_route=\/wp\/v2\/posts"}],"about":[{"href":"https:\/\/analyse.optim.biz\/index.php?rest_route=\/wp\/v2\/types\/post"}],"author":[{"embeddable":true,"href":"https:\/\/analyse.optim.biz\/index.php?rest_route=\/wp\/v2\/users\/1"}],"replies":[{"embeddable":true,"href":"https:\/\/analyse.optim.biz\/index.php?rest_route=%2Fwp%2Fv2%2Fcomments&post=2044204"}],"version-history":[{"count":0,"href":"https:\/\/analyse.optim.biz\/index.php?rest_route=\/wp\/v2\/posts\/2044204\/revisions"}],"wp:attachment":[{"href":"https:\/\/analyse.optim.biz\/index.php?rest_route=%2Fwp%2Fv2%2Fmedia&parent=2044204"}],"wp:term":[{"taxonomy":"category","embeddable":true,"href":"https:\/\/analyse.optim.biz\/index.php?rest_route=%2Fwp%2Fv2%2Fcategories&post=2044204"},{"taxonomy":"post_tag","embeddable":true,"href":"https:\/\/analyse.optim.biz\/index.php?rest_route=%2Fwp%2Fv2%2Ftags&post=2044204"}],"curies":[{"name":"wp","href":"https:\/\/api.w.org\/{rel}","templated":true}]}}