China's Growth Slows to Weakest Pace Since 2022

Slumping investment pushes Beijing below its own target, fueling calls for stimulus

China's economy grew at its slowest quarterly pace since 2022, falling short of the government's own growth target as investment slumped, CNBC reported.

The second-quarter expansion came in below Beijing's full-year target range of 4.5% to 5% — already the least ambitious goal Chinese leaders have set in decades, according to CNBC.

The weak reading has intensified calls among economists and investors for Beijing to roll out fresh stimulus measures to shore up growth. A slowdown in the world's second-largest economy carries consequences well beyond China's borders, feeding into global trade, commodity prices and the fortunes of multinational companies that rely on Chinese demand.

The report adds to a run of mixed economic signals out of China this year, as officials have struggled to reignite consumer spending and stabilize a property sector that has weighed on growth for several years.

— Compiled from reporting by CNBC.