---
title: China Q2 GDP growth slowed more than expected (+4.7% yoy vs. +5.1% yoy expected), but the big surprise is just how weak retail sales were - growing only 2% in June.
description: "-> China’s National Bureau of Statistics on Monday said the country’s second-quarter GDP rose by 4.7% year on year, missing expectations of a 5.1% growth, according to a Reuters poll.\n-> June retail sales also missed estimates, rising 2% compared with the 3.3% growth forecast.\n-> Industrial production, however, beat expectations up by 5.3% in June from a year ago, higher than Reuters estimate of 5% growth.\n-> Urban fixed asset investment for the first six months of the year rose by 3.9%, meeting expectations. Investment in infrastructure and manufacturing slowed their pace of growth on a year-to-date basis in June versus May, while real estate investment declined at the same 10.1% rate.\n\nThe National Bureau of Statistics did not hold a press conference for the data release. China’s high-level policy meeting, the Third Plenum, kicks off Monday and is set to wrap up Thursday.\n\nSource: Bloomberg, CNBC"
---

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# [China Q2 GDP growth slowed more than expected (+4.7% yoy vs. +5.1% yoy expected), but the big surprise is just how weak retail sales were - growing only 2% in June.](https://blog.syzgroup.com/syz-the-moment/breaking-the-odds-of-president-biden-winning-the-2024-democratic-nomination-are-down-by-24-in-2-hours-0-0-0-0-0-0-0-0-0-0-1-0-0-0-0-0-0-0-0-0-0-0-1719-f4b8c661)

 Written by [Charles-Henry Monchau, CFA, CMT, CAIA](https://blog.syzgroup.com/syz-the-moment/author/charles-henry-monchau) | Jul 15, 2024, 9:28:27 AM

[View full post](https://blog.syzgroup.com/syz-the-moment/breaking-the-odds-of-president-biden-winning-the-2024-democratic-nomination-are-down-by-24-in-2-hours-0-0-0-0-0-0-0-0-0-0-1-0-0-0-0-0-0-0-0-0-0-0-1719-f4b8c661)

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