China's Q2 GDP misses forecasts, keeps stimulus calls alive

Quick Summary:

Sean Li, General Manager of Robert Walters China, argues that the working landscape has improved, but job security continues to be the top reason why Chinese workers are reluctant to demand work-life balance.

"Soft domestic demand could continue to weigh on inflation and start to erode production strength," analysts at Citi said in a note before the data release.

Consumer prices meanwhile grew for a fifth month in June but missed expectations, while factory deflation persisted, with government measures unable to meaningfully lift domestic demand.

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Article Details

Category: EconomyBusiness

Markets: SingaporeChina

Topics: Data Cent China Growth Demand Domestic Economic Quarter Government Analysts 2024

Source Website Secure: Yes (HTTPS)

News Sentiment: Negative

Fact Checked: Legitimate

Article Type: News Report

Published On: 2024-07-15 @ 10:41:00 (3 days ago)

News Timezone: GMT +8:00

News Source URL: channelnewsasia.com

Language: English

Article Length: 586 words

Reading Time: 4 minutes read

Sentences: 22 lines

Sentence Length: 27 words per sentence (average)

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Copyright Owner: © Channel News Asia

News ID: 21621289

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