: China’s third quarter growth rate slows to 4.9% from 7.9% in second quarter #IndiaNEWS China’s gross domestic product grew by 4.9% in the third quarter (July-September) of 2021, slowing down from

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China’s third quarter growth rate slows to 4.9% from 7.9% in second quarter #IndiaNEWS
China’s gross domestic product grew by 4.9% in the third quarter (July-September) of 2021, slowing down from 18.3% in the first quarter (January-March) and 7.9% in the second quarter (April-June) amid economic challenges, PTI reported on Monday. China’s slowest quarterly growth in a year came on the back of multiple challenges the country is facing, including a slump in the crisis-hit property sector, shortage of electricity and rising cost of raw materials.The power shortage and increased price of coal have impacted the manufacturing sector with many factories being forced to stop production in September, said Fu Linghui, spokesperson for the National Bureau of Statistics, according to CNBC.Fu added that the government has promised to increase the supply of coal by the fourth quarter (October-December).Wu Chaoming, the chief economist at investment agency Chasing Securities, blamed China’s slow GDP growth on the “resurgence of coronavirup��[��]��[�ݚ[���وH��[��KX��ܙ[����ؘ[[Yˈ�HYY]H��H[��[���[[�]H�X�H[��و�H���X�[ۜ�YH�X��Y�]]�H[X�ۈH�ٚ]�و[���X[[����˒��]��H�ZY]H
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