China is facing a demographic problem and needs to boost its productivity for growth, said David Mann, chief economist for Asia-Pacific, Middle East and Africa at the Mastercard Economics Institute.
"You need to see the productivity side pickup exactly because of the demographic challenge," he told CNBC's "Squawk Box Asia" on Monday.
"Now, you need the productivity," he said, underlining Beijing has to make sure "capital is channeled" in a way that boosts productivity.
China ended its Covid-19 controls in December and the initial economic rebound has lost steam.
The 6.3% economic growth in the second quarter marked a 0.8% pace of growth from the first quarter, slower than the 2.2% quarter-on-quarter pace recorded in the first three months of the year.
Persons:
David Mann, CNBC's
Organizations:
Mastercard, Institute
Locations:
China, Asia, Middle East, Africa, Beijing