Economic Slowdown in China Raising Concerns Despite Resilient US Economy
- China's second quarter GDP growth was slower than expected at 6.3% annual pace, reflecting weak exports, consumer spending, and property market.
- US banks reported higher profits in second quarter from rising interest rates, but outlook for sector remains cautious.
- Inflation shows signs of cooling with UK CPI dropping to 7.9% in June, but central banks expected to continue raising rates.
- Major US tech stocks like Tesla and Netflix declined after disappointing earnings results and outlook.
- Analysts debate whether US can achieve "soft landing" as economic data remains relatively strong while risks persist.








































































































































































































































