What Does China's GDP Miss Mean for Its Economy?

China’s economy expanded by 4.7 percent in the second quarter of the year compared to the same period last year, according to official data released on Monday.   This growth rate fell short of economists’ expectations of 5.1 percent and represented a slight slowdown from the 5.3 percent growth recorded in the previous quarter.   Despite policymakers' efforts to stimulate domestic demand amidst a prolonged downturn in the property market, GDP only grew by 0.7 percent from April to June. This was below the anticipated…