China misses growth target for first time since Covid as Iran turmoil roils global trade.
China’s Q2 2026 GDP grew just 4.3%, missing forecasts and falling short of Beijing’s 4.5–5% growth target ; its lowest since the 1990s. A 17.6% export surge, driven by AI chips and EVs, masked deep weakness in domestic spending and investment, highlighting a widening split between China’s booming tech-export sector and its struggling consumer economy.…

