{"id":36608,"date":"2023-07-17T04:31:10","date_gmt":"2023-07-17T08:31:10","guid":{"rendered":"https:\/\/ifintechworld.com\/markets\/china-growth-disappoints-oil-falls-stocks-are-mixed\/"},"modified":"2023-07-17T04:31:11","modified_gmt":"2023-07-17T08:31:11","slug":"china-growth-disappoints-oil-falls-stocks-are-mixed","status":"publish","type":"post","link":"https:\/\/ifintechworld.com\/?p=36608","title":{"rendered":"China Growth Disappoints. Oil Falls, Stocks Are Mixed."},"content":{"rendered":"<div id=\"js-article__body\" itemprop=\"articleBody\" data-sbid=\"WP-BAR-0000693857\">\n<div data-layout=\"wrap\n              \" data-layout-mobile=\"\" class=\"\n        media-object\n        type-InsetMediaIllustration\n          wrap\n  article__inset\n        article__inset--type-InsetMediaIllustration\n          article__inset--wrap\n    article__inset--lead\n  \"><\/p>\n<figure class=\"\n        media-object-image\n        enlarge-image\n        img-wrap\n        article__inset__image\n      \" itemscope=\"\" itemtype=\"http:\/\/schema.org\/ImageObject\"><\/p>\n<\/figure><\/div>\n<p>Economic growth in China was surprisingly weak in the second quarter, a sign the country\u2019s recovery from Covid-19 lockdowns is losing momentum.<\/p>\n<p>Gross domestic product increased just 0.8% in the second quarter, compared with a 2.2% expansion in the first three months of the year. Retail sales and exports dragged down growth.<\/p>\n<div class=\"paywall\">\n<p>The figures could be taken as either a good sign or a bad sign for Chinese stocks. On the one hand, they show the world\u2019s second biggest economy is struggling. On the other, they put pressure on the government to step up stimulus programs to get the country back on track. Authorities are aiming for 5% annual expansion in 2023 after badly missing their goal last year.<\/p>\n<p>The Hang Seng Index traded 0.3% higher on Monday.<br \/>\n        Baidu<br \/>\n       (BIDU) was trading down 0.3% in Hong Kong. Retailer<br \/>\n        Alibaba<br \/>\n       (BABA) was up 0.2%, while<br \/>\n        JD.com<br \/>\n       (JD) slipped 0.1%.<br \/>\n        Meituan<br \/>\n       (MPNGY) fell 1.6%.<\/p>\n<p>China\u2019s sluggish expansion is weighing on expectations for energy demand. Brent crude, the international oil standard, fell 1% to $79 a barrel. West Texas Intermediate, the U.S. benchmark, slipped 1.1% to $74.57 a barrel.<\/p>\n<p>The biggest question for investors is how China\u2019s government responds\u2014so far it has been reluctant to undertake large-scale stimulus.\u00a0<\/p>\n<p>Inflation isn\u2019t a problem in the country, which could give the central bank room to cut interest rates. Or the government could try more direct measures, such as handouts to low-income households, tax cuts or spending on social programs. The goal would be to increase consumption and investment.\u00a0<\/p>\n<p>Write to Brian Swint at brian.swint@barrons.com<\/p>\n<\/p><\/div>\n<\/div>\n<p>Read the full article <a href=\"https:\/\/www.marketwatch.com\/articles\/china-economy-growth-gdp-oil-falls-stocks-alibaba-1e84aaa6?mod=markets\" target=\"_blank\" rel=\"noopener\">here<\/a><\/p>\n","protected":false},"excerpt":{"rendered":"<p>Economic growth in China was surprisingly weak in the second quarter, a sign the country\u2019s recovery from Covid-19 lockdowns is losing momentum. Gross domestic product increased just 0.8% in the second quarter, compared with a 2.2% expansion in the first three months of the year. Retail sales and exports dragged down growth. The figures could [&hellip;]<\/p>\n","protected":false},"author":1,"featured_media":24659,"comment_status":"open","ping_status":"open","sticky":false,"template":"","format":"gallery","meta":{"footnotes":""},"categories":[241],"tags":[83],"class_list":["post-36608","post","type-post","status-publish","format-gallery","has-post-thumbnail","hentry","category-markets","tag-featured","post_format-post-format-gallery"],"yoast_head":"<!-- This site is optimized with the Yoast SEO plugin v20.6 - https:\/\/yoast.com\/wordpress\/plugins\/seo\/ -->\n<title>China Growth Disappoints. Oil Falls, Stocks Are Mixed. | iFintechWorld<\/title>\n<meta name=\"description\" content=\"Economic growth in China was surprisingly weak in the second quarter, a sign the country\u2019s recovery from Covid-19 lockdowns is losing momentum. 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