China's economy lost pace in the April-June quarter, despite rising exports as weak domestic demand and investment dragged growth to its slowest pace in more than three years. Official data released on Wednesday showed that the economy expanded at an annualised 4.3%, down from 5% in the January-March quarter and below forecasts.

China's economic growth is predicted to have slowed down in the second quarter of the year, according to a recent survey, although strong exports tied...

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