India Outpaces China In GDP Growth As Chinese Economy Slows To 4. 3%
A recent report said India remains one of the largest importers of Chinese goods. Despite this, China's economic growth has slowed, while India has recorded a higher GDP growth rate.
English NewsBusinessIndia Outpaces China In GDP Growth As Chinese Economy Slows To 4. 3%A recent report said India remains one of the largest importers of Chinese goods. Despite this, China's economic growth has slowed, while India has recorded a higher GDP growth rate. According to Yu Song, artificial intelligence is not responsible for the decline. Instead, he said AI has benefited China. Source : ABP LIVEShow Quick ReadKey points generated by AI, verified by newsroomIndia's GDP growth outpaced China's despite large imports. China's economic growth slowed unexpectedly to 4. 3 percent. Real estate crisis, low spending, unemployment caused China's slowdown. India has outpaced China in GDP growth even as it continues to import large quantities of goods from its neighbour, according to recent data. A recent report said India remains one of the largest importers of Chinese goods. Despite this, China's economic growth has slowed, while India has recorded a higher GDP growth rate. China's GDP Growth SlowsAccording to China's GDP growth report released on Wednesday, the country's economy expanded by 4. 3 per cent in the April-June quarter. The latest reading was lower than the 5 per cent growth recorded during the January-March quarter. The report said this is the first time in several years that China's economy has slowed to this extent, a trend that economists had not anticipated. ALSO READ:From Trump Tariffs To Hormuz Crisis: Why Geopolitics Now Moves Your PortfolioIndia Records Higher GrowthAccording to recently released data, India's GDP growth rate stood at 7. 8 per cent, significantly higher than China's. The report said India's growth rate could improve further in the future. It also noted that while India imports a large volume of goods from China, exports from India to China remain comparatively low. Why Is China's GDP Slowing?Speaking to CNBC a few days ago, Yu Song, Chief Economist at UBS China, identified three key reasons behind the slowdown in China's economy. According to Yu Song, artificial intelligence is not responsible for the decline. Instead, he said AI has benefited China. He identified the prolonged real estate crisis as the primary reason behind weaker growth, saying China's property market has been in a steep decline for some time, with people preferring to save rather than invest in property. He also pointed to weaker consumer spending. According to him, fuel prices have risen in China due to the US-Iran conflict, prompting consumers to move away from expensive branded products in favour of cheaper alternatives. Yu Song further said declining employment has also weighed on the economy. While AI has benefited China, he said it has also significantly reduced the number of workers. ALSO READ:Gautam Adani Files Sworn Affidavit, Denies Any Deal Behind US DOJ Indictment DismissalFrequently Asked QuestionsHow did India's GDP growth compare to China's recently?India's GDP grew by 7. 8%, significantly higher than China's 4. 3% growth in the April-June quarter. This indicates India recently outpaced China in economic expansion. What was China's GDP growth rate in the April-June quarter?China's economy expanded by 4. 3% in the April-June quarter. This marks a slowdown from the 5% growth recorded in the January-March quarter. What are the main reasons for China's economic slowdown?The slowdown is attributed to a prolonged real estate crisis, weaker consumer spending, and declining employment. Fuel price increases also impacted consumer choices. Is artificial intelligence responsible for China's economic slowdown?No, artificial intelligence is not considered responsible for China's economic decline. Instead, AI has benefited China, though it has also reduced the number of workers. Sagarika Chakraborty is a Senior Copy Editor atABP Live English, where she handles business coverage and key developments in general news, while also actively chasing breaking stories. With a foundation in advertising, she transitioned into journalism to craft in-depth stories and explainers on the economy, real estate, and personal finance. She also engages in interviews and podcasts, bringing out expert insights. For any tips and queries, you can reach out to her atsagarikac@abpnetwork. com. Read MorePublished at : 15 Jul 2026 07:22 PM (IST)Breaking News, Anytime, Anywhere - Download ABPLIVE onAndroidandiOSnow!VideosPhoto GalleryTrending OpinionNayanima BasuOpinion