Slower Economic Growth in China Raises Concerns Over Future Prospects

China's National Bureau of Statistics announced on Monday that the country's GDP grew by 4.7 percent in the second quarter compared to the previous year, falling short of the anticipated 5.1 percent increase. This growth represents a slowdown from the 5.3 percent recorded in the first quarter. Furthermore, retail sales in June rose by only 2 percent, which was below the expected 3.3 percent growth.

The Bureau att