China’s economic growth weakens amid construction slowdown
en.setopati.com · Mon Oct 18 03:03:00 GMT 2021
China’s economic growth sank in the latest quarter as a construction slowdown and official curbs on energy use by factories weighed on the nation’s recovery from the coronavirus pandemic.
The world’s second-largest economy grew 4.9% over a year ago in the three months ending in September, down from the previous quarter’s 7.9%, government data showed Monday. Factory output, retail sales and investment in construction and other fixed assets all weakened.
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