Chinese growth in second quarter weakest since Covid-19 era

Summary

Official data released on Wednesday shows China's GDP grew 4.3% in the second quarter, compared to a year prior. The last time quarterly growth was that weak was in late 2022, when China was feeling the impact of the Covid pandemic. Slow consumer demand, despite a surge in exports, helps explain the slowdown. Also in this edition, Gibraltar's business community breathes a sigh of relief as the physical border between the British overseas territory and Spain is removed.