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China's slowdown confirmed as Q3 GDP falls by 3%

China's slowdown confirmed as Q3 GDP falls by 3%

Rediff.com18 Oct 2021

China's GDP grew by 4.9 per cent in the third quarter, down from 7.9 per cent in the second, confirming the slowdown of the world's second-largest economy which was under pressure from the crisis-hit property sector, curbs on energy and tardy recovery from the Covid-19 pandemic.