GDP grew 4.9% in the quarter to September, the lowest for a year, as the post-pandemic recovery loses steam and Evergrande problems persist
China’s economy grew slower than expected in the third quarter, official data showed on Monday, as power outages and supply bottlenecks hurt factories while sporadic Covid-19 outbreaks weighed on consumption.
Gross domestic product (GDP) expanded 4.9% in the July-September quarter from a year earlier, the national statistics bureau said, slowing from 7.9% in April-June and compared with expectations for a rise of 5.2% expected by economists.
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