China growth slides to 4.9% in third quarter

Beijing: China’s economic growth tumbled more than expected in the third quarter, official data showed Monday, as the property sector struggled with tighter policy measures and an energy crisis loomed.

After a swift coronavirus bounceback, recovery in the world’s second biggest economy is losing steam, with gross domestic product growth coming in at 4.9 per cent year-on-year, said the National Bureau of Statistics, citing an “unstable and uneven” domestic rebound.