China has been experiencing a two-speed economy. The country’s technological prowess is growing, as evidenced by cutting-edge artificial-intelligence models that have rattled Silicon Valley. And exports are soaring: Outbound shipments jumped 24% in July from a year prior, according to official customs data released earlier this month. Meanwhile, the domestic economy continues to struggle with a yearslong property market downturn, muted household spending and a contraction in investment. In the second quarter, China’s gross domestic product grew 4.3%, the slowest year-over-year pace since 2022.

Full analysis : China’s economy showing signs that slowdown may be extending.