China’s growth misses target, exposing deeper structural fault lines

For the first time since the COVID-19 pandemic, China has fallen short of its annual economic growth target, underlining the mounting structural challenges confronting the world’s second-largest economy. The weaker-than-expected performance suggests that Beijing’s export-led recovery is no longer sufficient to compensate for weak domestic demand, a prolonged property downturn and rising external uncertainties.

China’s National Bureau of Statistics on Wednesday reported that the economy expanded 4.

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