China's GDP growth in the second quarter was below expectations, primarily due to a sharp decline in domestic demand, although exports and production exceeded market expectations.

The following factors highlight the continued insufficiency of demand:

The real estate sector is still undergoing a deep adjustment.
In the first half of the year, efforts to reduce local government debt and financial sector inefficiencies resulted in insufficient physical investment by the government.
Residents' expectations for future income are low, leading to a lack of consumer confidence.
The pressure to sustain economic growth has increased again, and in the short term, the focus is likely to be more on the demand side. This includes:

The implementation and effectiveness of policies aimed at reducing real estate inventory.
Accelerating government investments to quickly translate into physical assets to prevent further economic decline. 

NBS spokesman stated that national departments are fully aware of the current challenges and problems faced both domestically and internationally. A series of measures have already been implemented to address these issues.