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China’s GDP Growth Slows to 4.3% in Q2 Due to Weakening Domestic Demand

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New Delhi, July 26 (IANS) China’s GDP growth slowed to a mere 4.3 per cent in the second quarter this year due to declining domestic demand, reflecting the worsening structural imbalance in the export-dependent economy.“The main factor dragging down GDP growth was nosediving fixed-asset investment (FAI). Real estate investment dropped by 18.0 per cent, the largest contraction for a half-year on record. But FAI also fell in road building, education, healthcare, and construction. This suggests…