China economists forecast GDP growth slowdown to 5.1% in Q2

Official annual target of 'around 5%' in sight, but pressure for support grows

China's government has set a GDP growth target of "around 5% for this year. © Reuters

PEGGY YE, Nikkei staff writer

July 4, 2024 16:01 JST

HONG KONG -- China's brisk growth in the first quarter helped put the government's full-year target within reach, but economists still expect a slowdown in the coming months and years due to the country's property crisis and escalating trade tensions.