GDP breakdown underscores China’s growth challenge
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China’s stats bureau released the detailed breakdown for Q2 GDP on Saturday.
The numbers lay out how China managed to eek out 0.4% y/y growth for that quarter.
The answer in one word: Exports.
Net exports of goods and services accounted for 1.1pp of the 0.4% real GDP growth in Q2.
Do the math – tha...