China's economic growth slowed significantly in the second quarter, falling short of its annual target due to weak domestic demand and the impact of the Iran war on oil prices, despite strong exports.

• The economy grew by 4.3% in the second quarter, below Beijing's target of 4.5%-5%.
• China's National Bureau of Statistics reported the slowdown, citing "external instability and uncertainty factors" and an imbalance between strong supply and weak domestic demand.
• Despite the slowdown, China's exports jumped by 27% in June, boosted by global demand for semiconductors and electric vehicles.