China's economy grew by 4.6 percent in the July-to-September period from a year earlier, but the pace of expansion was less than in the previous quarter.
The National Bureau of Statistics said on Friday that growth in inflation-adjusted gross domestic product slowed from 4.7 percent in the April-to-June period.
A prolonged slump in the real estate sector and sluggish domestic demand are acting as a drag on the world's second largest economy.
The National Bureau of Statistics said on Friday that growth in inflation-adjusted gross domestic product slowed from 4.7 percent in the April-to-June period.
A prolonged slump in the real estate sector and sluggish domestic demand are acting as a drag on the world's second largest economy.
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Summary
China's GDP grew by 4.6% from July-September, a deceleration compared to the previous quarter's 4.7%. Inflation-adjusted GDP growth slowed due to factors such as a prolonged slump in the real estate sector and weak domestic demand, affecting the world's second largest economy.
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ID: 6f20a924-d325-49b1-a4a3-244ac20122f9
Category ID: nhk
URL: https://www3.nhk.or.jp/nhkworld/en/news/20241018_B04/
Created: 2024/10/19 07:00
Updated: 2025/12/08 09:42
Last Read: 2024/10/19 07:16