China's economy grows more slowly than expected in Q2

Investors are watching to see if the central bank is shifting to an easier policy stance after the People's Bank of China announced last week it would cut the amount of cash that banks must hold as reserves.

BEIJING: China's economy grew more slowly than expected in the second quarter, as slowing manufacturing activity, higher raw material costs and new COVID-19 outbreaks weighed on the recovery momentum.

Gross domestic product (GDP) expanded 7.9% in the April-June quarter from a year earlier, official data showed on Thursday, missing expectations for a rise of 8.1% in a Reuters poll of economists.