China's Q2 GDP growth cools to 3-1/2-year low, structural imbalances complicate policy

China's second-quarter economic growth slowed to its weakest pace in over three years. Official data revealed a 4.3% annual rise, missing analyst expectations and government targets. Industrial output showed strength while retail sales saw some improvement last month. However, property sector investment and broader investment remained under pressure. Lingering structural imbalances continue to challenge the Chinese economy's recovery.