China's economic growth slowed to 4.9 percent in the third quarter, official data showed Wednesday, as an unprecedented property crisis hit consumption andwould grow 4.5 percent on-year in July-September but was well off the 6.3 percent expansion enjoyed in the previous three months.
The real estate sector, which has long accounted for a quarter of the country's gross domestic product, supports thousands of companies and is a major source of employment.
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