The extent of the slowdown will likely dominate the agenda when the ruling Communist Party’s decision-making Politburo meets later this month.

Officials may choose to accelerate public spending and step up investment in infrastructure projects after cutbacks to expenditure in recent months put the brakes on growth following a surprise pickup to start the year.

China's GDP grew 4.3%, weakest in 3+ years.

Growth below official 4.5%-5% target.

Fixed-asset investment saw significant decline.