business
China misses growth target for first time since Covid as Iran turmoil roils global trade
By CNN Newsource at KVIA ABC-7
· July 15, 2026
· 5 min read
By Stephanie Yang, CNN
Hong Kong (CNN) — China is struggling to offset economic challenges both at home and abroad, as its economy grew at a slower-than-expected pace in the second quarter of the year.
On Wednesday, China’s National Bureau of Statistics said the economy grew 4.3% in the quart...
Key takeaway On Wednesday, China’s National Bureau of Statistics said the economy grew 4.
Why this matters in The El Paso
For El Paso businesses with trade ties to China, the slower-than-expected growth in the country's economy may have significant implications. As China's domestic consumption remains sluggish, local companies that export goods to China may need to reassess their strategies to adapt to the changing market. The surge in China's exports, particularly in semiconductors and computer parts, could also impact El Paso's own technology sector. Furthermore, the impact of the war in Iran on global energy costs and trade may be felt in El Paso's border economy, which relies heavily on international trade. As China's economy continues to evolve, El Paso businesses will need to stay vigilant and responsive to these shifts to remain competitive in the global market. The city's economic development efforts may also need to consider the potential effects of China's economic slowdown on local industries and job markets.
About this story
Original reporting by KVIA ABC-7 . The El Paso surfaces reporting from trusted publishers and adds local editorial context so readers can quickly understand what a story means for their community. We attribute every source, link to the original report, and follow a documented editorial standards policy. To understand how stories are selected and reviewed, read our about page .
For the complete original report, visit KVIA ABC-7 . Have a tip or correction? Contact our newsroom .
Category: business ·
Published: July 15, 2026 ·
Source: KVIA ABC-7 ·
Reading time: 5 min
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Frequently asked about this story
What is this story about? By Stephanie Yang, CNN
Hong Kong (CNN) — China is struggling to offset economic challenges both at home and abroad, as its economy grew at a slower-than-expected pace in the second quarter of the year.
On Wednesday, China’s National Bureau of Statistics said the economy grew 4.3% in the quart...
When was this published? This article was first published on July 15, 2026 by KVIA ABC-7 and curated for The El Paso readers.
Who reported this story? This story was reported by CNN Newsource at KVIA ABC-7. To learn more about how The El Paso selects and reviews stories, see our editorial standards .
Where can I find related coverage? See more business coverage from The El Paso, or browse our daily briefing and topic hubs .
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