China has reported its economy slowed in the last quarter, growing at a 4.3% annualized pace. It was the slowest growth since the last quarter of 2022 and far weaker than its strong 5% start for the January-March quarter.

Lagging consumer spending and business investment offset the boost from strong exports thanks partly to the boom in artificial intelligence.

Nominal GDP growth outpaces real growth for first time since early 2023, though sluggish demand signals need for further stimulus