China's economy grows at a 4.6% rate in the last quarter, falls short of the official 5% target
HONG KONG -- China's economy expanded at an annual rate of 4.6% in the July-September quarter, the government said Friday, in the latest evidence that recent efforts to rev up growth have yet to take hold.
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Economic growth in China slowed slightly in the second quarter pulled down by weak consumer sentiment and a struggling property, throwing doubt on the Chinese Communist Party's 5% growth target for the year.
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China's economic slowdown deepened in the three months to the end of September, as the country struggles to boost flagging growth. Gross domestic product (GDP) rose by 4.6% on an yearly basis, below the government's 5% annual target,
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China's economy is expected to have slowed in the third quarter, dragged by a prolonged property downturn and weak consumption, maintaining pressure on policymakers as they consider more stimulus steps to revitalise growth.
China posts slowest growth in over a year as property woes drag
China posted its slowest growth in a year and a half on Friday, underlining the deep economic woes the country faces as its central bank launched a new bid to
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