By Vivek Kumar China’s economy expanded by 4.7 per cent 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 per cent and represented a slight slowdown from the 5.3 per cent growth recorded in the previous quarter. Despite efforts by policymakers to stimulate domestic demand amidst a prolonged downturn in the property market, GDP only grew by 0.7 per cent from April to June. This was below the anticipated 1.1 per cent increase and lower than the revised 1.5 per cent…