China's economic growth slows to 4.9% in third quarter, amid muted demand and deflationary pressures

📆 10/18/2023 2:40 AM
📰 SooToday

⏱ Reading Time:
15 sec. here
2 min. at publisher
📊 Quality Score:
News: 9%
Publisher: 85%

Property Property Headlines News

Property Property Latest News,Property Property Headlines

HONG KONG (AP) — China’s economy slowed in the third quarter, amid muted global demand, deflationary pressures and an ailing property sector. The world’s second-largest economy grew 4.9% year-over-year in the July-September quarter, beating the 4.

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.

Write Comment

We have summarized this news so that you can read it quickly. If you are interested in the news, you can read the full text here. Read more:

Property Property Latest News, Property Property Headlines

Similar News:You can also read news stories similar to this one that we have collected from other news sources.

Hong Kong court rules that gay couples get equal housing rightsExplore stories from Atlantic Canada.
Source: SaltWire Network - 🏆 45. / 63 Read more »