China's Q2 2026 GDP growth slowed to 4.3% YoY, missing targets, as property investment plunged 18% and fixed-asset investment fell 5.7%.
Macro & Markets ·
China's second-quarter GDP growth decelerated to 4.3% year-over-year, falling short of the government's target range of 4.5% to 5.0% and marking the slowest pace since late 2022. The slowdown was driven by a sharp 18% plunge in property investment, the largest decline since records began in 1992, alongside a 5.7% year-over-year contraction in fixed-asset investment during the first half. June retail sales rose 1% year-over-year after declining 0.6% the prior month, while auto purchases fell more than 16%, signaling broad weakness across major economic sectors.