Poket News

China's economic recovery stalled

 

  • China’s economic recovery stalled in the third quarter of 2021 as the GDP grew by 4.9% down from 7.9% in the second quarter, the National Bureau of Statistics (NBS) announced on 18 Oct. 
  • China’s economy made an early recovery from the impact of the coronavirus but is now faced with turbulence including a property slump, energy crisis, weak consumer sentiment and soaring raw material costs. 
  • It is the weakest pace since China’s economy grew by 4.9% in the third quarter of 2020.