This Q2 growth is the weakest since the third quarter (Q3) 2012, and growth coming in at under 8% for five straight quarters is a clear sign of economic distress, says IHS.
Given that uncertainties remain huge in the domestic construction sector and with external demand, IHS Global Insight expects China's growth could slip even further to below 7.5% in the second half and whole-year growth might come in just around the targeted 7.5% or even lower.
