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Global Economic News

China Economy Logs Weakest Growth Since Early 2023

By Renju Jaya   ✉   | Published:   | Follow Us On Google News
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China's economy grew at the slowest pace in more than a year in the third quarter despite an improvement in retail sales as the property market continued to be a major drag on growth.

Gross domestic product expanded 4.6 percent on a yearly basis in the third quarter, data from the National Bureau of Statistics showed on Friday. This was the weakest growth since the first quarter of 2023.

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