© 2020 – 2023 AEA3 WEB | AEAƎ United Kingdom News
AEA3 WEB | AEAƎ United Kingdom News
News

China economy slows as power cuts, property woes and Covid take toll

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.

Continue reading…

Related posts

Jacob Rees-Mogg: the fossil fuel fan in charge of cutting UK carbon emissions

AEA3

Labour government would ‘have to make it work’ if Trump wins, says Keir Starmer

AEA3

France v Wales: Six Nations 2025 opener – live

AEA3

Pin It on Pinterest

Share This