A: Yo, Sakura! What's the latest news?
B: Hmm, not much new here...

A: Oh, you didn't hear about China's economy then? It slowed down a bit in the last quarter.
B: Really? Anything serious?

A: Well, the real estate sector took a hit and Trump's tariffs didn't help either. Their growth was only 5.2% compared to the same period last year, which is below their target but still okay.
B: Wow, that's quite a dip! The property market is struggling, huh?

A: Exactly! Plus, businesses are scared to invest due to Trump's tariffs. They're having trade talks, but there's fear of another trade war flaring up again.
B: Geez, that's not good news... But China's central bank lowered interest rates in May to boost demand.
A: Yeah, they're trying to help out! Let's hope it gets better soon! 👍
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China's economic growth slowed in the April-to-June period compared to the last quarter.



A prolonged slump in the real-estate sector and US tariff policy were major factors.



The National Bureau of Statistics says gross domestic product grew 5.2 percent in real terms compared to the same quarter last year. That was above the government's target of around 5 percent. But it was down from the 5.4 percent logged from January to March.



Domestic demand remained stagnant as the property market continued to struggle.



Also, tariffs announced by US President Donald Trump discouraged businesses from investing in new equipment.



Beijing and Washington are continuing trade talks after agreeing to drastically slash their additional tit-for-tat tariffs. But concerns are spreading that a trade war between the world's two largest economies could flare up again.



China's central bank cut interest rates in May to help boost domestic demand.