FILE - A woman rides past delivery workers who are sorting out parcels on a cart near a luxury watch advertising board at an outdoor shopping mall in Beijing on Sept. 20, 2023. China’s economy slowed in the third quarter, amid muted global demand, deflationary pressures and an ailing property sector. HONG KONG — China’s economy slowed in the third quarter, amid muted global demand, deflationary pressures and an ailing property sector.
On a quarterly basis, the economy grew by 1.3% in the third quarter, compared to 0.8% growth in the April-to-June quarter. China’s trade data, released earlier this week, showed that exports and imports continued to decline although they contracted at a slower rate than previously.
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