China's Economy Slows to Three-Year Low, Missing Growth Target

China's economy grew 4.3% in the second quarter, below the government's 4.5%–5% goal and weaker than expected. It was the slowest pace in three years, dropping from 5% growth in the first quarter. First-half growth of 4.7% keeps the annual target technically alive, but the sharp slowdown suggests Beijing may need to recalibrate expectations for 2026.