China reports second-quarter GDP miss, another record high in youth unemployment
2023-07-17 09:34:10 source：CNBC
July 16, 2023
BEIJING — China said Monday that second-quarter gross domestic product grew by 6.3% from a year ago, missing expectations.
The unemployment rate among young people ages 16 to 24 was 21.3% in June, a new record.
The 6.3% GDP print for the second quarter marked a 0.8% pace of growth from the first quarter, slower than the 2.2% quarter-on-quarter pace recorded in the first three months of the year. Analysts polled by Reuters had predicted a 7.3% increase in the second quarter GDP.
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