Beijing — China’s economy grew 4.9% year-on-year in the third quarter, significantly slowing from 7.9% growth in the previous quarter. This is because power shortages and supply chain issues have been added to Beijing’s real estate and technology restraint efforts. Sector.
Many economists predicted that China’s year-on-year growth would tend to decline in the second half of 2021, based in part on statistical comparisons with last year, but the magnitude of the slowdown in the third quarter was greater than expected. It fell sharply below 5.1%. Growth forecasts by economists surveyed by The Wall Street Journal last week.
China’s third-quarter economic growth plummets to 4.9%
Source link China’s third-quarter economic growth plummets to 4.9%