China's economic growth weakens amid construction slowdown
The Hindu
The world’s second-largest economy grew by 4.9% over a year ago in the three months ending in September, down from the previous quarter’s 7.9%
China’s economic growth sank in the latest quarter a a slowdown in construction and curbs on energy use weighed on its recovery from the coronavirus pandemic.
The world’s second-largest economy grew by 4.9% over a year ago in the three months ending in September, down from the previous quarter’s 7.9%, government data showed on October 18.
Factory production, retail sales and investment in construction and other fixed assets all weakened.
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