China growth slows as energy crisis, real estate debt hits economy | Explained
Published on Oct 18, 2021 06:26 PM IST
China's economic growth slowed more than expected in the third quarter, official data showed Monday, as a crackdown on the property sector and a looming energy crisis began to bite. After a swift coronavirus bounceback, recovery in the world's second-biggest economy is losing steam, with gross domestic product expanding 4.9 percent on-year, said the National Bureau of Statistics (NBS), citing an "unstable and uneven" domestic rebound. Watch this report for more.