China’s GDP growth slumps as real estate and energy crises take toll

The Chinese economy

The Chinese economy grew by 4.9% from July to September compared to the previous year – its weakest pace since the third quarter of 2020, data published by the National Bureau of Statistics (NBS) on Monday shows.

It represents a significant slowdown from the 7.9% reported in the second quarter of the current year, and a further decline from the 18.3% expansion registered in January to March.

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