China’s economy recorded slower-than-expected growth in the third quarter as the country grapples with a worsening energy crisis and property woes. The latest data released by China’s National Bureau of Statistics (NBS) on Oct. 18 showed the year-on-year gross domestic product (GDP) growth in the third quarter hit a year low at 4.9 percent, slowing…
China’s Third-Quarter Economic Growth Slows to 4.9 Percent Amid Power Crunch, Property Woes
China’s 3rd-Quarter Economic Growth Slows to 4.9 Percent Amid Power Crunch, Property Woes
October 18, 2021
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China’s economy recorded slower-than-expected growth in the third quarter as the country grapples with a worsening energy crisis and property woes. The latest data released by China’s National Bureau of Statistics (NBS) on Oct. 18 showed the year-on-year gross domestic product (GDP) growth in the third quarter hit a year low at 4.9 percent, slowing…
China’s Power Crisis a Result of Beijing’s Restrictive Energy Policies: Analyst
A large part of China is in the midst of a growing power supply crunch that has forced factories to cut production and brought major disruptions to daily life. While authorities have remained largely silent on the causes of the supply shortage, analysts say the power crunch, which has hit more than 10 provinces in…
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