China's third-quarter economic growth slows to 4.9%: Official data

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Key Points

The figure exceeded analysts' predictions that the world's. second-largest economy. would grow 4.5 percent on-year in July-September but was well off the 6.3 percent expansion enjoyed in the previous three months...

The country faced a "grave and complex international environment and challenging tasks in promoting reform, development and stability at home" in the first three quarters of 2023, the..

The industry enjoyed dazzling growth for decades, but the recent woes of key developers including Evergrande and Country Garden are now fuelling buyer mistrust while homes lie unfinished and prices plummet...

Country Garden, one of China's biggest property firms and long believed to be financially sound, failed last month to repay interest on a loan totalling $15.4 million...

Retail sales, the main indicator of household consumption, rose a forecast-beating 5.5 percent on-year in September, according to official figures published on Wednesday by the NBS..

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