Economic reports on Wednesday found that Chinese growth has sunk to the slowest pace in over three years. Despite benefitting from the global AI boom, the country has not managed to offset the slump due to a struggling property sector, drop in domestic spending and trade disruptions caused by the war in Iran.
China's economy grew at its weakest pace in more than three years during the second quarter, data showed Wednesday, missing expectations even as strong exports driven by the global AI boom helped offset trade disruptions caused by the Middle East war.
